Norrhydro’s profitability turned into a loss for the quarter. Q1 was strong, which helped keep the first half of the year profitable overall. Revenue for the quarter fell by 13.5% compared to the previous year. Operating profit dropped by 81%. The stock reacted with a decline of about 8-9%.
Certainly, many had hoped for better results. If one wants to look for a silver lining, fortunately, the CEO transferred over 120,000 shares to new owners at the end of May at a price significantly higher than the current share price.