Sýn Issues Earnings Warning
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3 Articles
Sýn has issued a profit warning, stating, among other things, that the operation of private media in Iceland is being constrained by the advantage enjoyed by the National Broadcasting Corporation, social media and foreign content providers. The company has significantly lowered its profit forecast for the current year. Sýn and Árvakur, the publishing company of Morgunblaðið, will receive a lower contribution from the state treasury after a media…
Sýn hf. issues a profit warning for the year and expects operating profit for 2025 to be around ISK 280 million. Revenue from individual television subscriptions is below budget and in addition, advertising sales and revenue from the partial network remain below expectations.
Telecommunications and media company Sýn has lowered its earnings forecast for 2025 and announced organizational changes.
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