06-02-2017 07:51 via uk.news.yahoo.com

Norway's Aker BP beats forecast in Q4 due $114 million one-off income

Aker BP , the oil firm resulting from the merger of BP's Norwegian business and Det norske, posted forecast-beating fourth-quarter earnings due to a one-off $114-million income following a change in the company's pension scheme. The tax expense was primarily related to a change in deferred taxes, significantly impacted by a weaker crown currency against the U.S. dollar, and taxes generated by the pensions gain. Aker BP repeated its outlook.
Read more »