Orkla Q1 operating profits up 8.4% to NKr1.17bn

05 May 2006 09:08  [Source: ICIS news]

LONDON (ICIS news)--First quarter operating profits from Orkla were up 8.4% to NKr1.17bn ($191m/Euro151m), helped by growth in its Elkem and Borregaard chemicals and energy businesses, the Norwegian conglomerate said on Friday.

Group pre-tax profits totalled NKr2.21bn, up from NKr1.69bn in the first quarter of 2005. Operating revenues rose 9.5% to NKr14.53bn.

Detailed results from the Elkem and Borregaard business were not immediately available but Orkla said that power trading in the energy activities of these divisions contributed to group profits and sales growth.

By: Staff Reporter
+44 20 8652 3214

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly