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2 clusters · 13 sources · 20 days · First seen about 1 month ago · Last updated 16 days ago

Landsnet financial performance and infrastructure updates

Overview

Landsnet reported a profit of $20.1 million (approximately 2.5 billion ISK) for the first half of 2026, with revenues reaching $99.8 million. CEO Ragna Árnadóttir noted that stable operations are vital for developing the transmission system to link energy production with demand.

Ongoing infrastructure projects include the Suðurnesjalína 2 line, intended to increase capacity to and from the capital area and improve power delivery security in the Suðurnes region. A technical failure at the Norðuráls aluminum smelter in October 2025 had a limited impact on the company’s financial performance during this period.

Entities

Alpha Bank · EGPC · Mathios Rigas · Egypt · Israel

Timeline

16 days ago

[BUSINESS] 9 sources
Energean reports 45% profit jump in first half of 2026
Energean's first-half 2026 profit rose 45% to $160 million, driven by strong production recovery in Israel and strategic gas agreements, despite regional conflict-related shutdowns.
about 1 month ago

[BUSINESS] 4 sources
Landsnet reports $20.1 million profit for first half of 2026
Landsnet reported a $20.1 million profit for the first half of 2026, driven by stable operations and ongoing investments in Iceland's power transmission grid.

Sources

bairdmaritime.com · banks.com.gr · dfs.is · dnews.gr · iefimerida.gr · iliveupstairs.com · mononews.gr · newmoney.gr · nutiminn.is · sofokleousin.gr · stocknews.com · trolli.is · ypodomes.com