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Syn Q3 revenue drops 5.2%, cash flow from operations improves

Thursday 7 November 2019 | 12:18 CET | News
Vodafone Iceland parent company Syn said its results for the third quarter show that it is turning its business around. Revenue fell by 5.2 percent year on year to ISK 4.88 billion with EBITDA dropping to ISK 1.62 billion from to ISK 1.79 billion a year earlier. Cash flow from operations improved, and actions such as renegotiating with vendors and cutting staff will affect the results at year-end and will be fully realised in 2020.

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Categories: Fixed / General
Companies: Eidsiva Bredband / Vodafone Iceland
Countries: Iceland / Ireland / Norway
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