The Lyse Group’s first half-year profit before tax was NOK 935 million, compared with NOK 1,082 million for the same period last year. The first half-year profit after tax in 2017 was NOK 492 million, compared with NOK 630 million for the same period last year.
The operating profit was NOK 1,095 million, a reduction of NOK 195 million compared with the same period last year. One-off items, primarily in the form of income recognition of the profit from the sale of Måkaknuten AS, amounted to NOK 22 million. One-off items in the first half of 2016 amounted to NOK 205 million and primarily consisted of the profit from the sale of Skangas AS’s LNG plant in Risavika.
The following presents the results from underlying operations, i.e. operating profit excluding one-off items and extraordinary circumstances.
Lyse is a national player within renewable energy and a national leader within fibre broadband. Regionally, Lyse has developed the country’s most varied and complete infrastructure for fibre broadband, electricity, biogas and natural gas, and district heating. Good availability and security of supply are priorities.
The company’s shareholders are 16 municipalities in Southern Rogaland. The shareholders intend to be long-term industrial owners and expect the company to contribute to local development from a regionally strategic perspective and with satisfactory profitability.
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