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From: allevett	2/9/2006 10:10:48 AM
	of 37387

DNO says swings to Q4 pre-tax profit, NOK 84.4 mln Thu Feb 9, 2006 4:33 AM ET (Repeats to fix typo of 'changed' in 2nd para after table) Feb 9 (Reuters) - Three months to Dec 31 (millions of crowns) Q4 2005 Q4 2004 Sales (net of hedging losses) 242.6 165.5 Operating profit 36.8 31.2 Pre-tax profit 84.4 -54.6 Net profit 169.0 -38.2 NOTE - Full name of the Norwegian energy group is DNO ASA. It said that it was presenting the results to show new accounting methods. "DNO has changed its presentation method for operations governed by production sharing agreements to align with new accounting standards and emerging industry practice," it said. Under the old methods, it gave the following figures: Sales (net of hedging losses) 477.5 338.0 Operating profit 271.7 203.7 Pre-tax profit 319.3 117.8 Net profit 139.8 10.3 © Reuters 2006. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

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