News

16. January 2005

Profits total ISK 271 million after calculated taxes

The Annual Financial Statements of Iceland Prime Contractor for the year 2002 were ratified at a meeting of the Board of Directors on 27 February 2003. The Annual Financial Statements of Iceland Prime Contractor contain the consolidated financial statements of the company and its subsidiaries. They were prepared according to the same accounting methods as those used for the prior year.

Operating income for the Iceland Prime Contractor Group totalled ISK 7.947 billion for the year 2002, as opposed to ISK 8.559 billion for the year 2001. Profits before financial items, taxes, and depreciation and amortization (EBIDTA) amounted to ISK 522 million, as compared with ISK 1.016 billion for 2001. Profits before financial items and taxes totalled ISK 221 million, as opposed to ISK 706 million for the prior year. The Companys profits before taxes, including the income from an associated company, amounted to ISK 347 million, as compared with ISK 102 million for 2001. After calculated taxes, the Companys profits for the year 2002 totalled ISK 271 million, as opposed to ISK 182 million for the prior year.

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Construction in Keflavík is in full swing
24. June 2021

Construction in Keflavík is in full swing

The design phase in Keflavik which began in the middle of September 2020 has now been completed. The permission to commence is expected within the next few weeks. ÍAV received early permission to carry out the earthworks of the apron to ensure that the concrete paving could commence as early in the summer as possible. ÍAV has dug and removed 120.000 cubic metres of soil and rock and imported 100.000 cubic metres of crushed aggregates since March 9th, 2021.

Sky Lagoon handed over
12. May 2021

Sky Lagoon handed over

ÍAV has handed over the Sky Lagoon project to their client Nature Resort ehf. Sky Lagoon was open to the public on May 1, 2021. Sky Lagoon website is www.skylagoon.com

Móavegur 2-12, Progress Report
30. November 2018

Móavegur 2-12, Progress Report

Since contract signing on Feb 16, 2018, a continuous progress is claimed by ÍAV and sub trades on Móavegur 2-12 project site in Reykjavík. The project is to deliver in a turn-key manner a 155-apartment affordable rental-housing complex entailing six 3-4 storey buildings with a shared underground carpark, with anticipated project completion in June of 2020. The Client Bjarg is a non-profit organization formed by two of Iceland’s largest confederations of labour, ASÍ and BSRB.

Project status on Burfell Power Plant expansion.
14. June 2018

Project status on Burfell Power Plant expansion.

Now about 85% of all construction has been completed on the Burfell power plant expansion. All water chanels have been concluded. The entrance chanel was completed late April and the sewerage chanel was completed in beginning of May.

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