Hagnaður
Hagnaður is the Icelandic term for profit or gain, referring to the surplus that remains after costs are subtracted from revenues in business activities. It is a central concept in accounting and financial reporting in Iceland and is used to describe how much value a company creates from its operations. The term is commonly encountered in corporate statements, press releases, and financial analyses.
In practice, hagnaður is calculated as revenues minus expenses. Different variants exist depending on what is
Hagnaður is used by managers, investors, creditors, and policymakers to assess profitability, efficiency, and value creation.