STAVANGER, NORWAY -- (Marketwire) -- 07/23/09 --
For the second quarter 2009, the reported "Net foreign exchange loss"
in the "Net financial items" for the Group is expected to be NOK 0.1
billion.
Without the changes in functional currency, effective from 1 January
2009, the reported "Net foreign exchange loss" in the "Net financial
items" for the Group would have been a "Net foreign exchange gain" of
approximately NOK 3.6 billion in the second quarter 2009.
The tax cost related to the NOK 3.6 billion is estimated to be NOK1.3
billion, which will be reflected in the financial statement.
In future quarters StatoilHydro will publish information on exchange
loss/gain on its website
http://www.statoilhydro.com/en/investorcentre prior to publishing
the result.
For the second quarter 2009 StatoilHydro will supplement the
management discussion and analysis (md&a) with a discussion of
adjusted earnings after tax.
Contact persons:
Investor Relations:
Morten Sven Johannessen +47 909 34148 (cell)
Investor Relations in the US:
Geir Bjørnstad +1 203 978 6950 / +1 203 570 5757 (cell)
This announcement was originally distributed by Hugin. The issuer is
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