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General

Syn says pandemic prevented FY net profit as Q4 revenue rises 10%

Thursday 25 February 2021 | 12:22 CET | News
Vodafone Iceland's parent company, Syn, said that without the pandemic hitting roaming and advertising revenue, it would have reported a net profit in FY 2020 instead of the ISK 405 million loss. In 2019, the FY net loss was ISK 1.75 billion, after a ISK 2.5 billion impairment of goodwill related to the 2017 purchase of 365 Midlar assets and operations. Revenue in Q4 2020 rose by ISK 478 million or 10 percent year on year to ISK 5.41 billion.

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Categories: General
Companies: Vodafone Iceland
Countries: Iceland
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