Saga Pure: Second quarter 2021 financial results | 2021-08-29 | Press Releases

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OSLO, Norway, Aug. 29, 2021 /PRNewswire/ — Saga Pure ASA (Saga Pure) (OSE: SAGA) reported a net profit in the second quarter 2021 of NOK 3.5 million (Q2 2020: NOK 47.1 million), with a year-to-date return on equity of 16.5 percent, following a positive development for the company´s investment portfolio within renewable energy, hydrogen, circular economy and CO2 reductions. The Board of Directors has decided to distribute a dividend of NOK 0.10 per share for the quarter.

“The second quarter was generally a challenging period for the green tech sector where we observed a significant revaluation of companies across our investment universe. Despite the market turbulence during the first half of 2021, Sage Pure performed well and reported a return of equity of 16.5% year to date, fueled by the operational development in the companies in which we are invested. We continue to be highly selective in our investment approach and believe the market development…

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