Brief: Iceland Seafood H1 Net Profit Rises To EUR 3.4 Mln

Iceland Seafood Internat hf

27/08/2021 06:37

Aug 27 (Reuters) - Iceland Seafood International hf
 ICESEA.IC :
    * REPORTED ON THURSDAY H1 SALES EUR 208.3 MILLION, UP 15%
FROM
YEAR AGO
    * H1 NET PROFIT EUR 3.4 MILLION COMPARED TO EUR 1.3 MILLION
IN H1
2020
    * NORMALISED PBT OUTLOOK RANGE NARROWED TO EUR 12.0-16.0
MILLION
FOR 2021, ASSUMING COVID-19 RESTRICTIONS IN KEY MARKETS WILL NOT
BE TIGHTENED IN 2H 2021
    * AFTER SLOW START IN FIRST TWO MONTHS OF YEAR, SALES HAVE
PICKED
UP STRONGLY FROM MARCH ONWARDS DRIVEN BY GOOD DEMAND IN KEY
MARKETS
    * LEVEL OF UNCERTAINTY FOR 2H OF YEAR REMAINS HIGH, BOTH DUE
TO
COVID19 DEVELOPMENT AND OTHER EXTERNAL FACTORS SUCH AS QUOTA
DECREASE AND PRICE DEVELOPMENT

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE91SWrR
    
 Further company coverage:  ICESEA.IC  
   


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