Nýherji hf. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Year 2017
For the nine months, the company reported profit before financial income and financial expenses of ISK 260 million compared to ISK 312 million a year ago. Pre-tax profit was ISK 282 million compared to ISK 214 million a year ago. Profit for the period was ISK 259 million compared to ISK 173 million a year ago. Net profit for the period was ISK 266 million compared to ISK 204 million a year ago. EBITDA was ISK 682 million compared to ISK 686 million a year ago. Cash from operations was ISK 196 million compared to EUR 765 million a year ago.
For the year 2017, operating prospects for the Nýherji group are good. Continued moderate growth of revenues is anticipated with a similar return on operation as seen in recent quarters.