Korsnäs operating profit up 66 percent
April 22 2010 Korsnäs shows strong recovery and reports an operating profit increase with 66 percent for the first quarter of 2010.
Korsnäs' operating profit increased with 66 to 199 million Kronor (120). Operating margin was 9.2 percent (6.1). Korsnäs sales amounted to 2,159 million Kronor (1,963).The owner of Korsnäs, Investment AB Kinnevik, reports a net result after taxes of 6,834 million Kronor (-1,952), corresponding to a result per share of 24.62 Kronor (-7.49). Kinnevik's net asset value increased by 16 percent in the first quarter. The growth is supported by solid financial performance by Korsnäs as well as by Kinnevik's major listed holdings.