June 18, 2018 4:42 AM ET

Electric Utilities

Company Overview of Landsnet hf.

Company Overview

Landsnet hf., also known as IceGrid hf., distributes electricity in Iceland. The company was founded in 2005 and is based in Reykjavik, Iceland. Landsnet hf. operates as a subsidiary of Landsvirkjun.

5c Krokhalsi

Reykjavik,  110

Iceland

Founded in 2005

Phone:

354 563 9300

Fax:

354 563 9309

Key Executives for Landsnet hf.

Landsnet hf. does not have any Key Executives recorded.

Landsnet hf. Key Developments

Landsnet hf. Announces Earnings Results for the Year 2017; Provides Earnings Guidance for the Year 2018

Landsnet hf. announced earnings results for the year 2017. For the year, the company reported operating revenue of $147,326,000 compared to $129,743,000 a year ago. Operating profit was $59,338,000 compared to $49,717,000 a year ago. Profit before income tax was $35,062,000 compared to loss of $16,256,000 a year ago. Profit was $28,013,000 or $0.62 per basic and diluted share compared to loss of $12,967,000 or $0.28 per basic and diluted share a year ago. Net cash from operating activities was $68,726,000 compared to $52,396,000 a year ago. EBITDA was $87,822,000 compared to $79,167,000 a year ago. Return on average equity was 8.7% compared to loss on average equity of 4.1% a year ago. The company budget for 2018 predicts a $27.9 million profit from company operations.

Landsnet Reports Earnings Results for the Six Months Ended June 30, 2017

Landsnet reported earnings results for the six months ended June 30, 2017. For the period, the company reported, operating revenue of $71,504,000, operating profit of $29,135,000, profit before income tax of $13,164,000, profit of $10,544,000, net cash from operating activities of $37,279,000, EBITDA of $42,874,000, compared to operating revenue of $65,350,000, operating profit of $27,610,000, profit before income tax of negative $3,335,000, profit of negative $2,644,000, net cash from operating activities of $26,917,000, EBITDA of $41,654,000, for the same period a year ago.

Landsnet hf. Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017

Landsnet hf. announced audited consolidated earnings results for the year ended December 31, 2016. For the year, the company announced operating revenue of USD 129,743,000 compared to USD 122,735,000 a year ago. Operating profit was USD 49,717,000 compared to USD 56,815,000 a year ago. Loss before income tax was USD 16,256,000 compared to profit before income tax of USD 37,987,000 a year ago. Loss was USD 12,967,000 or USD 0.28 per basic and diluted share compared to profit of USD 30,412,000 or USD 0.68 per basic and diluted share a year ago. Net cash from operating activities was USD 52,396,000 compared to USD 61,536,000 a year ago. EBITDA was USD 79,167,000 compared to USD 78,980,000 a year ago. The company's budget for 2017 predicts a USD 26.4 million profit from company operations.

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Recent Private Companies Transactions

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