Landsvirkjun and Norðurál have signed an amended power contract which provides a three year extension to the previous one.

S&P Global Ratings has upgraded the credit rating for Landsvirkjun by one notch, to BBB+ from BBB. The outlook is stable.

Profit before unrealised financial items amounted to USD 50.1 million, compared to USD 46.0 million for the same period of the prior year, an increase by 9%.