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An announcement from Saga Pure ASA ( (DE:SAT) ) is now available.
Saga Pure ASA reported a net loss of NOK 35 million in the second quarter of 2025, influenced by a net loss in financial investments of NOK 31.8 million. The company has significantly increased its long-term investments, particularly through a substantial investment in SD. Standard ETC Plc (SDSD), acquiring a 58.4% ownership stake. This strategic move reflects Saga Pure’s shift towards being an investment entity, measuring subsidiaries at fair value according to IFRS 10. The company’s long-term investments rose to NOK 620.6 million by the end of the quarter, while short-term investments decreased. Despite the financial loss, Saga Pure’s strategic investments could potentially strengthen its market position in the long run.
More about Saga Pure ASA
Saga Pure ASA operates as an investment entity, focusing on long-term investments in various sectors. The company is involved in deploying capital into strategic investments, with a significant focus on the energy and sustainability sectors.
Average Trading Volume: 455,434
Current Market Cap: NOK654.6M
For detailed information about SAT stock, go to TipRanks’ Stock Analysis page.