The Share Portfolio showed a negative return of 7.2 % compared with a negative 13.3 % for the Morgan Stanley Nordic Index and a negative 16.1 % for the Oslo Børs Benchmark Index.
The portfolio's market value was NOK 17,141 million. Net share purchases in the quarter came to NOK 1,055 million, and the largest transaction being the purchase of shares in Scandinavian Property Development. At quarter-end, the profit reserve amounted to NOK 2,732 million.
Gross realised portfolio gains came to NOK 256 million in the quarter. However, impairment charges under IFRS of just over NOK 500 million left realised portfolio gains and change in fair value of associates combined at a negative NOK 295 million (NOK 881 million)1. Dividends received totalled NOK 87 million (NOK 240 million)1.
Orkla Finans' operating revenues totalled NOK 52 million (NOK 168 million)1 and EBITA was NOK -13 million (NOK 77 million)1 in the quarter.
Orkla Eiendom posted pre-tax profit of NOK 13 million for the quarter (NOK 269 million)1.
1 The figures in brackets refer to the corresponding period of the previous year.
2 Excluding acquisitions, divestments and currency translation effects.