Statkraft AS (XS277979233.MU), a renewable energy company, Tuesday reported a loss before tax of NOK 5.116 billion for the second quarter, compared with profit before tax of NOK 1.069 billion in the same quarter a year ago, primarily due to loss in equity accounted investments as well as currency effects.
Operating loss increased to NOK 1.985 billion from NOK 1.015 billion loss in the prior year. On an underlying basis, the company posted operating profit NOK 2.513 billion, lower than NOK 4.923 billion a year ago.
Net loss was NOK 6.589 billion higher than NOK 1.074 billion loss last year.
Net operating revenues and other income grew to NOK 10.102 billion from NOK 9.887 billion in the previous year, while underlying operating revenues and other income decreased to NOK 9.258 billion from NOK 11.237 billion last year.
Sales revenues decreased to NOK 15.596 billion from NOK 19.085 billion a year ago.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.