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2017-05-30 17:00:36 CEST 2017-05-30 17:00:36 CEST REGULATED INFORMATION Landsvirkjun - Financial Statement ReleaseLandsvirkjun’s results for the first three months of 2017Acceptable results in the first quarter
Key figures from the interim financial statements
Hörður Arnarson, CEO: “The results in the first quarter are quite acceptable, as revenues in the quarter are among the highest in Company history. Higher aluminium prices and an increase in sales compared to the first quarter in 2016, contributed to the increase in revenues. The Icelandic Krona has strengthened considerably between years and thus there was an increase in expenditures measured in USD. Profit before unrealised financial items, a metric used by Landsvirkjun to evaluate the Company´s operations, increased by 16% between years, with the quarter results one of the best since the Company´s inception.”
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