Big profits on Iceland Stock exchange

Fifteen of the sixteen companies listed on the Icelandic Stock Exchange have published their 2015 results – featuring a combined profit of ISK 66 billion (approx. €467 million).

Over 20% of this profit is accounted for by the three 2015 newcomers to NASDAQ OMX – Eik (real estate), Reitir (real estate) and Síminn (telephony). Retailer Hagar is the only company yet to publish its results.

All things being equal, the fifteen companies in question should be paying out a total of ISK 23.5 billion (approx. €166 million) to their owners in dividends. A majority of NASDAQ OMX companies posted higher profits last year than in 2014.