Otello Corp. ASA (OTEC.OL, OPESF), a Norwegian internet company, on Thursday reported its profit in the first half compared with the loss in the previous year.
For the first half, profit came in at $58.52 million compared with loss of $13.70 million in the previous year.
Earnings per share were $0.59 versus loss per share of $0.10 last year.
Adjusted EBITDA narrowed to $1.29 million from $1.62 million in the prior year.
Operating profit came in at $41.59 million compared with loss of $12.45 million in the prior year.
Otello closed trading, 0.75% lesser at NOK 13.20 on the Oslo Stock Exchange.
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