Moelven earned NOK 80 million from operations in Q3 and improved the result by NOK 62 million compared to the same period the previous year.
Morten Kristiansen has been appointed the chief executive of Moelven Industrier ASA. Kristiansen has been the acting chief executive for a year, after the previous chief executive, Hans Rindal, stepped down last autumn.
This year, Moelven’s second quarter profits from its operations amounted to NOK 48 million. That is 35 million less than in the corresponding period last year. But before impairments and cost corrections, underlying operations showed an improved performance.
The NOK 22 million operating profit in Q1 is down NOK 32 million compared to Q1 2014.
With an operating profit of NOK 204 million for 2014 Moelven Industrier ASA posted its best results since 2010.