Hagar hf announced earnings results for the first quarter ended May 31, 2020. For the first quarter, the company announced sales was ISK 28,241 million compared to ISK 28,590 million a year ago. Operating income was ISK 273 million compared to ISK 1,101 million a year ago. Net loss was ISK 94 million compared to net income of ISK 665 million a year ago. Basic loss per share was ISK 0.08 compared to basic earnings per share of ISK 0.55 a year ago.