Brief: Arion Preliminary Q1 Operating Income Rises To ISK 13 Bln

Arion banki hf

20/04/2021 06:51

April 20 (Reuters) - Arion Bank  ARION.IC :
    * ANNOUNCED ON MONDAY PRELIMINARY FINANCIAL RESULTS FOR Q1
2021 
    * PRELIMINARY Q1 NET EARNINGS OF ABOUT ISK 6 BILLION
    * Q1 OPERATING INCOME WAS ISK 13 BILLION, REPRESENTING A 4%
INCREASE FROM Q1 LAST YEAR
    * Q1 OPERATING EXPENSES WERE ABOUT ISK 6 BILLION, DECREASING
BY
2.5% FROM Q1 2020
    * Q1 POSITIVE NET IMPAIRMENTS  ISK 1.1 BILLION, COMPARED
WITH
NEGATIVE ISK 2.9 BILLION IN Q1 2020 
    * SAYS EARNINGS ARE SUBSTANTIALLY ABOVE AVAILABLE ANALYST
ESTIMATES

    
    
 Source text: https://bit.ly/3x6ZCEF
    
 Further company coverage:  ARION.IC  
   


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