trending Market Intelligence /marketintelligence/en/news-insights/trending/CDIZYaH5RUXu4d8PNCyGxg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

N1 Hf swings to profit in Q1

Blog

What's on the Horizon for the Cruise Hotel Resorts Sector

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


N1 Hf swings to profit in Q1

N1 Hf said its first-quarter normalized net income was 14 aurar per share, compared with a loss of 6 aurar per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 96.8 million kronur, compared with a loss of 58.4 million kronur in the year-earlier period.

The normalized profit margin rose to 1.0% from negative 0.5% in the year-earlier period.

Total revenue declined 12.8% on an annual basis to 9.88 billion kronur from 11.33 billion kronur, and total operating expenses decreased 14.1% on an annual basis to 9.78 billion kronur from 11.38 billion kronur.

Reported net income totaled 134.6 million kronur, or 19 aurar per share, compared to a loss of 77.2 million kronur, or a loss of 8 aurar per share, in the year-earlier period.

As of May 27, US$1 was equivalent to 135.94 Icelandic kronur.