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This is an archived release.
Evident improvement in profitability
In the first three months of 2004 there was evident improvement in profitability for listed enterprises. The operating profit margin was 16.2 per cent, compared with 12.7 per cent in the same quarter in 2003. The equity ratio rose from 35.0 per cent to 38.1 per cent during the same period.
The operating profit margin, which shows operating profit as a per cent of operating income, was 16.2 per cent, an increase of 3.5 per cent age points compared with the first quarter 2003. Compared with the last quarter of 2003 the increase is 5.8 per cent age points.
The equity ratio expresses the capital strength of the enterprise, i.e. the ability to withstand setbacks and losses. The equity ratio was 38.1 per cent in the first quarter of 2004, an increase of 3.1 per cent age points compared to the same quarter 2003, and 0.7 per cant age points compared to the previous quarter.
About the statistical basis
The key figures for listed enterprises are based on the quarterly report for Norwegian enterprises listed on the Oslo Exchanges. The statistics do not cover banks and insurance companies. Foreign owned companies listed on the Oslo Exchanges are not included in the statistics.
The quarterly reports are based on the economic activity for the family of enterprises. The reports for the family of enterprises include all subsidiaries, and show the economical development in all enterprises as if they were a single enterprise. A family of enterprises might consist of enterprises involved in different industries registered in several countries. This means that the statistics might include foreign subsidiaries belonging to a Norwegian family of enterprises listed on the Oslo Exchanges, as well as subsidiaries involved in financial activity.
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