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2018-08-17 16:46:57 CEST 2018-08-17 16:46:59 CEST REGULATED INFORMATION Landsvirkjun - Half Year financial reportLandsvirkjun’s results for the first six months of the year 2018Revenue, EBITDA and profit increase between periods Key figures from the interim financial statements
Hörður Arnarson, CEO: “Landsvirkjun’s operations continue to develop in a positive way. The first half of 2018 is the highest revenue half recorded in the Company’s history, partly due to increased energy sales and higher aluminium prices. Profit before unrealized financial items, which is the criterion we preferably focus on, amounted in USD 87 million and increased by 15% from the same period prior year. The Company’s net debt decreased by USD 50 million from the beginning of the year, after a temporary decrease in debt reduction due to an extensive construction period. A corner stone was set in Burfell II hydro power station, Landsvirkjun’s eighteenth power station, and the station commissioned at the end of June. The station will be taken into full operation in August 2018. Earlier, Theistareykir geothermal power station was taken into full operation in April 2018.” Attachments |
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