RTTNews | Apr 29, 2021 01:57AM EDT

01:56 Thursday, April 29, 2021 (RTTNews.com) - Norwegian energy company Equinor ASA (EQNR) reported that its first-quarter IFRS net income was $1.85 billion, compared to a loss of $0.71 billion in the first quarter of 2020. The company booked capital gains of around $1.4 billion from farm downs.

IFRS net operating income was $5.22 billion, up from $0.06 billion last year, reflecting higher prices for gas and liquids, gains from transactions, and lower impairments.

Adjusted earnings after tax were $2.66 billion, up from $0.56 billion in the previous year.

The board of directors has decided a cash dividend of USD 0.15 per share for the first quarter 2021.

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