VEF AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

VEF AB (Publ) released its financial results for the second quarter and first half of the year ending June 30, 2023. In the second quarter, the company reported a net profit of $68.73 million, a significant improvement compared to a net loss of $296.56 million in the same period last year. Basic earnings per share from ongoing operations were $0.07, contrasting with a basic loss per share of $0.28 in the previous year. Diluted earnings per share from ongoing operations stood at $0.07, in contrast to a diluted loss per share of $0.28 a year ago. For the six months, the company achieved a net profit of $97.17 million, in contrast to a net loss of $320.68 million in the same period last year. Basic earnings per share from ongoing operations were $0.09, improving from a basic loss per share of $0.31 in the previous year. Diluted earnings per share from continuing operations stood at $0.09, in contrast to a diluted loss per share of $0.30 a year ago.