Brief: Iceland Seafood H1 Pre-tax Profit Down At EUR 2.0 Mln

Iceland Seafood Internat hf

01/09/2020 06:51

Sept 1 (Reuters) - Iceland Seafood International hf
 ICESEA.IC :
    * ON MONDAY REPORTED H1 SALES OF EUR 183.2 MLN, DOWN 21%
FROM YR
AGO
    * H1 NORMALISED PROFIT BEFORE TAX EUR 2.0 MLN VS EUR 5.5 MLN
YR
AGO
    * UPPER END OF NORMALISED PROFIT BEFORE TAX OUTLOOK RANGE
NARROWED, DUE TO ONGOING UNCERTAINTY OF COVID-19 IMPACTS ON BOTH
SALES VOLUMES AND PRICES
    * REVISED OUTLOOK: FY NORMALISED PROFIT BEFORE TAX IN RANGE
OF EUR
6.0 MLN TO EUR 8.0 MLN
    * SALES TO FOODSERVICE SEVERALLY IMPACTED BY LOCKDOWN
RESTRICTIONS
IN KEY MARKETS FROM MID-MARCH TO LATE MAY
    * SALES HAVE GRADUALLY RECOVERED DURING THE SUMMER

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE6k86lP
 Further company coverage:  ICESEA.IC  
   


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