Iceland's Eimskip reports lower profit

Despite a surge in revenue, Eimskip finished the first nine months of the year with a significantly lower profit than last year. Trade tensions and Norwegian business dragged down the results.

BY SØREN PICO

Published: 04.12.18 at 14:11

Icelandic shipping and logistics company Eimskip delivers a significantly weaker result for the first nine months of 2018 compared to the same period last year.

Though revenue grew, Eimskip reports setbacks for both its operating and net profit. The latter dropped close to one third compared to the same period last year, shows an update on the Icelandic company's webiste.