The Oslo-listed company posted a net profit of $439 million, topping a mean forecast of $309 million in a Reuters poll of analysts, compared with $886 million in the same period last year when it recorded a financial gain of $540 million from shedding control of a subsidiary.

Operating profit of $456 million was up 6% compared with the previous year, while revenue dipped 5% year-on-year to $1.05