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2017-11-22 15:48:47 CET 2017-11-22 15:49:48 CET REGULATED INFORMATION Landsvirkjun - Financial Statement ReleaseLandsvirkjun’s results for the first nine months of the year 2017Revenue increases between periodsKey figures from the interim financial statements
Hörður Arnarson, CEO: “The first nine months of the year were favourable for the Company’s operations. Profit before unrealised financial items increased by 29% compared to the same period last year. Operating revenues increased, in part due to a considerable rise in aluminium prices which were very low last year. Energy sales increased by 435 GWh during the first nine months and demand for electricity from Landsvirkjun continues to be high. Strong cash flow sustains fully extensive investments in the period, but the decrease of debt has temporarily slowed down during constructions at Theistareykir and Burfell II. The power plant at Theistareykir was commissioned on 17 November and its operations will soon start to create revenues for Landsvirkjun.” |
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