Nýherji hf. reported unaudited earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported operating profit of ISK 86 million compared to ISK 114 million a year ago. Pre-tax profit was ISK 3 million compared to ISK 98 million a year ago. Profit for the period was ISK 12 million compared to ISK 76 million a year ago. Net profit for the period was ISK 29 million compared to ISK 93 million a year ago. EBITDA was ISK 229 million 6.5% in third quarter as compared to ISK 247 million 7.2% in the same period last year.

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.