Hagar hf announced unaudited consolidated earnings results for the three months ended 31 May 2016. For the quarter, the company's sales were ISK 19.981 billion compared with ISK 18.668 billion a year ago. Profit from operating activities was ISK 1.182 billion compared with ISK 1.041 billion a year ago. Profit before income tax was ISK 1.185 billion compared with ISK 1.014 billion a year ago. Comprehensive income for the period was ISK 0.948 billion compared with ISK 0.811 billion a year ago. Basic and diluted earnings per share were ISK 0.81 compared with ISK 0.69 a year ago. Net cash provided by operating activities was ISK 1.350 billion compared with ISK 2.203 billion a year ago. Acquisition of operating assets was ISK 0.251 billion compared with ISK 0.561 billion a year ago.