Poorest profitability since 2002

Poorest profitability since 2002Poor profitability. Photo pixabay.com

The operating margin for listed enterprises was -4 per cent in the fourth quarter of 2015. This is the weakest listing since the statistics were established in 2002. Operating margin went down 6.8 per cent from the third quarter and 7.5 per cent from the same quarter of 2014.

The listed enterprises had NOK 14 billion pre-tax loss in the last quarter of 2015, which led to the lower operating margin. Operating profit margin was 0.3 per cent, down from 9.1 per cent in the previous quarter and 6.5 per cent in the corresponding quarter of 2014.

Almost 50 per cent of the listed enterprises had a deficit before tax in the last quarter of 2015, and 44 per cent had a negative operating income. The share of enterprises with pre-tax losses was 43 per cent in the corresponding quarter of 2014.

 

Source:  SSB / Norway Today

 

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