Orron Energy AB (ORRON.ST) Wednesday reported net loss of 11.5 million euros or 0.04 per share for the second quarter, compared with net profit of 7 million euros or 0.02 per share in the same quarter a year ago.
The company recorded operating loss of 10.2 million euros compared with operating profit of 1.1 million euros in the prior year.
EBITDA, or earnings before interest, taxes, depreciation, and amortization was a loss of 6 million euros compared with a profit of 4.9 million euros last year.
Revenue for the quarter was 4.5 million euros, relatively flat with 4.7 million euros in the previous year.
Looking forward to the full year, the company has raised its operating expenses outlook to 19 million euros from 17 million euros, as it incurred higher balancing costs during the first half.
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