Sýn hf.: Higher Earnings and New Revenue Sources

Sýn hf's Condensed Consolidated Interim Financial Statement for the first nine months of 2021 was approved by the board of directors on November 3 rd, 2021. Main results:Revenue for the third quarter (Q3) of 2021 amounted to ISK 5,533M, an increase of ISK 471M compared to the same period in 2020. Revenue for the first nine months (9M) of 2021 amounted to ISK 15,822M, an increase of 2.2% compared to 9M 2020.EBITDA for Q3 2021 amounted to ISK 1,886M, compared to ISK 1,593M in Q3 2020...

Reykjavík, 03/11/2021 (informazione.it - comunicati stampa - telecomunicazioni)

Sýn hf's Condensed Consolidated Interim Financial Statement for the first nine months of 2021 was approved by the board of directors on November 3 , 2021.

Main results:

Heiðar Guðjónsson CEO:
„Our core business continues to improve and the turnaround which started a year ago is gaining momentum.  Despite several challenges, which are still mostly present, our business is now profitable, and we expect further profitability. We are happy to see growth in revenues in both business segments, telecommunication and media.
I have mentioned our potential in going into related businesses. We have roughly half of Iceland 's households and companies as monthly subscribers to our services and want to expand our product offering. We outlined this in our strategic review of the business, two years ago.
Our biggest single investment over the last two years has been in our IT systems. Now the systems can handle efficiently many kinds of new business. We are therefore pleased to introduce new services in credit card acquiring for companies. It is evident that our customers are pleased with us as a new service provider entering the market.
We still await the regulatory approval for the sale of our passive infrastructure in our mobile network. “

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