Moelven Industrier improves on its operating profit for Q3 by NOK 46 million compared to the same quarter last year. The earnings improvement is attributed to operational improvements and more favourable market conditions.
The Board of Directors of Moelven Industrier ASA today agreed with Hans Rindal that he is to step down as CEO. Rindal has been employed by Moelven Industrier ASA since 1995 and has held the position as CEO since 2006.
Moelven Industries CEO Hans Rindal used the opportunity yesterday to speak with the Prime Minster and the Minister of Agriculture and Food, when they together with former Minister Valgerd Svarstad Haugland, attended an outdoor event close to a sawmill in Minnesund.
The operating profit of NOK 137 million posted by Moelven at the end of the first six months of the year shows that the group is performing better than it has for a long time.
Moelven posted a NOK 53.7 million profit on the company's operations during the first quarter of 2014, i.e. NOK 117.6 million more than for the same quarter last year.
Moelven posted a NOK 36 million profit on the company's operations during the final quarter of the year, i.e. NOK 69 million more than for the same quarter last year.