Saturday, August 22, 2015

The 2 Norway Companies Filing With US SEC and With Market Caps Above US$5 Bil Recent Earnings Drop Precipitously Due To Statoil

From a review of the SEC Data and the Google Finance Website, I found 2 Companies headquartered in Norway with Stock Market Capitalizations of more than US$5 bil.

Below here are the reported Audited Earnings (Losses) for both of  these Norwegian Companies for all years reported from 2007 through 2014, presented in Market Cap order:



2014 2013 2012 2011 2010 2009 2008 2007

Most Audited Audited Audited Audited Audited Audited Audited Audited

Recent Net Net Net Net Net Net Net Net
Norway Companies With 2014 Income Income Income Income Income Income Income Income
Market Caps Above US$5 Bil FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
 
mil NOKs mil NOKs mil NOKs mil NOKs mil NOKs mil NOKs mil NOKs mil NOKs










Statoil ASA Dec14  22,000  39,200  69,500  78,400  37,600  17,700  43,300  44,600
Marine Harvest ASA Dec14          735       2,431          441          533       3,412       1,385             -               -  










Total of both
 22,735  41,631  69,941  78,933  41,012  19,085  43,300  44,600










Earnings % Decrease:








….. 2014 Below 2013
-45%






….. 2014 Below 2012
-67%






….. 2014 Below 2011
-71%