DNO ASA Reports Strong Q3 Results with 86.5% Year-over-Year Revenue Growth
DNO ASA has reported robust third-quarter financial results, highlighted by a significant revenue increase of 86.5% year-over-year to $1.02 billion. The company's operating profit saw substantial growth, rising 46% compared to the previous quarter to reach $641.10 million, while free cash flow also experienced significant expansion, totaling $326.50 million. In addition to strong operational performance, the Board of Directors has maintained its commitment to shareholder returns by approving a quarterly dividend of NOK 0.375 per share, consistent with the previous quarter's payout. These results come amidst strategic shifts in the company's acquisition landscape, including recent movements regarding Capricorn Energy.
Tickers: $GEN
Topics: dividend announcement earnings report free cash flow revenue growth