Aker Kvaerner posts strong quarter

摘要

Norwegian engineering firm Aker Kvaerner reported a 47 percent boost in profits during its second quarter, outpacing most projections. Pretax earnings rose to 993 million Norwegian kroner (180 million Canada dollars), up from 676 million kroner (123 million Canada dollars) in the same quarter last year. Total operating revenue for the second quarter of this year amounted to 14.6 billion kroner (roughly 2.72 billion Canada dollars), an increase of 16 percent compared with 12.6 billion kroner (2.34 billion Canada dollars). Aker Kvaerner's share price reached 150 kroner (about 27 Canada dollars) at the end of the second quarter, up from 137 kroner (about 24.60 Canada dollars) in the first quarter.