May 24, 2018

Higher Taxes Erode Fjord1’s First Quarter

In the first quarter Fjord1 had a total turnover of NOK 711 million, which is up compared to last year’s Q1 (NOK 628 million).
Earnings before taxes totalled 138.5 million, a slight increase. (NOK 133 million).
The result after tax is NOK 106.7 million, approximately 25 million less than last year, due to a higher tax bill.