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Stock impact report

NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES THE NET INCOME FOR THE FIRST QUARTER OF FISCAL 2024

North European Oil Royality Trust (NRT) 
US:NYSE Investor Relations: neort.com/investors.html
Company Research Source: PR Newswire
KEENE, N.H., Feb. 15, 2024 /PRNewswire/ -- North European Oil Royalty Trust (NYSE-NRT) (the "Trust") reported its net income for the first quarter of fiscal 2024 which appears in the table below compared to its net income for the first quarter of fiscal 2023. Total royalty income often includes positive and negative adjustments that the operators make during the quarter based upon their adjusted royalty calculations for the prior periods as required by the Mobil and OEG Royalty Agreements. Total royalty income for the first quarter of fiscal 2024 was reduced by prior period negative adjustments of Euros 1,988,530 and increased by Mobil sulfur royalties of $68,205. Total royalty income for the first quarter of fiscal 2023 was not affected because there were no prior period adjustments and no Mobil sulfur royalties.   1st Fiscal Quarter  Ended 1/31/2024  1st Fiscal Quarter  Ended 1/31/2023PercentageChangeTotal Royalty Income$424,910$9,765,883-95.6 %Net Income$179,085$9,536,014-98.1 %Dis Show less Read more
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