Thread: Norwegian re-structuring
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Old 10-24-2018 | 11:38 PM
  #12  
Andy
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From: guppy CA
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Originally Posted by NEDude
Results are out, 1.6 Billion NOK ($191 million USD) profit. Slightly lower than analysts expected, but significantly more than your "near zero" prediction.

https://www.cnbc.com/2018/10/25/norw...s-q3-2018.html
The numbers don't make sense - the report shows a yield (.44) nearly identical to their unit cost (.43). That should have resulted in a near zero profit before one time gains/losses.

I'd have to comb over the quarterly report to find how they were able to pull a NOK 1.6B profit out of breakeven numbers.
Compare this Q's numbers to Q2's yield (.37) and unit cost (.41) which resulted in a loss of NOK 155M before one time gains.
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