Icelandair parent FL Group reported a first-quarter profit of 25 million kronur ($382,021), a significant improvement over the 855 million kronur net loss (as calculated by this website) in the prior-year period. The company said first-quarter results were characterized by "large profits from investment activities," which were the basis for its earnings improvement. Turnover rose 7.4% to 7.8 billion kronur while operating costs climbed 10.6% to 9.4 billion kronur primarily owing to ...

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