Atea Posts Rise In Q4 Earnings, Raises Dividend

reported a gain in its net profit for the fourth quarter and lifted its dividend. The company's quarterly net profit climbed to NOK215.8 million, versus a year-ago profit of NOK198 million. Its revenue surged to NOK7.55 billion from NOK6.85 billion, while operating profit rose to NOK286.9 million from NOK162.3 million. For fiscal year 2014, Atea's board proposed a dividend of NOK6.50 per share, versus a total dividend of NOK6 per share last year. Atea shares gained 2.79% to close at $11.05 yesterday.