Borgestad ASA reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was NOK 218.59 million compared to NOK 193.9 million a year ago. Net income was NOK 4.09 million compared to net loss of NOK 19.64 million a year ago.

Basic earnings per share from continuing operations was NOK 0.03 compared to basic loss per share from continuing operations of NOK 0.17 a year ago.