Nordic Business Report-August 18, 2006-CorrOcean ASA reports 6-month operating profit of NOK11.5m
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Norwegian monitoring technology systems, services and products provider CorrOcean ASA reported on Friday (18 August) an operating profit of NOK11.5m on revenues of NOK73.4m for the financial period January-June 2006.
Both operating profit and revenues for the six-month period increased, respectively from NOK0.6m and NOK61.6m, as compared to the corresponding period in 2005.
Operating profit for the quarter April-June 2006 amounted to NOK10.8m on revenues of NOK42.5m.
One Norwegian krone (NOK) is worth approximately 0.09 British pounds (GBP).
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