Síminn hf. reported earnings results for the second quarter and six months ended June 30, 2018. For the quarter, net sales were ISK 6.921 million against ISK 7.145 million a year ago. Operating profit was ISK 1.263 million against ISK 1.278 million a year ago. Profit before tax was ISK 1.073 million against ISK 1.020 million a year ago. EBITDA was ISK 2.216 million against ISK 2.191 million a year ago. Profit attributable to Equity holders of the parent was ISK 853 million against ISK 809 million a year ago. Net cash flow from operating activities was ISK 1.768 million against ISK 1.864 million a year ago. Net investment in property, plant and equipment was ISK 1.106 million against ISK 1.417 a year ago. EBIT was ISK 1.263 million against ISK 1.278 million a year ago.

For the year 2018, the company EBITDA to be between ISK 8.4 million to ISK 8.8 million, Capex to be ISK 4.3 million to ISK 4.6 million.

For the six months, net sales were ISK 13.677 million against ISK 13.747 million a year ago. Operating profit was ISK 2.560 million against ISK 2.465 million a year ago. Profit before tax was ISK 2.188 million against ISK 2.000 million a year ago. EBITDA was ISK 4.447 million against ISK 4.290 million a year ago. Profit attributable to Equity holders of the parent was ISK 1.740 million against ISK 1.589 million a year ago. EBIT was ISK 2.560 million against ISK 2.465 million a year ago. Net cash flow from operating activities was ISK 3.811 million against ISK 3.960 million a year ago. Net investment in property, plant and equipment was ISK 2.288 million against ISK 2.464 a year ago.