Austevoll Seafood ASA Announces Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2018; Announces Impairment Rustles for the Second Quarter of 2018
For the six months, the company reported operating revenue of NOK 11,754,529,000 against NOK 11 094,149,000 for the same period a year ago. EBITDA before fair value adjustments was NOK 3,014,934,000 against NOK 2,877,464,000 for the same period a year ago. EBIT before fair value adjustment was NOK 2,552,695,000 against NOK 2,420,857,000 for the same period a year ago. Operating profit was NOK 4,020,281,000 against NOK 2,101,993,000 for the same period a year ago. Profit before tax was NOK 4,147,596,000 against NOK 2,232,487,000 for the same period a year ago. Net profit was NOK 3,266,811,000 against NOK 1,741,605,000 for the same period a year ago. Profit to controlling interests was NOK 1,698,159,000 against NOK 916,439,000 for the same period a year ago. Diluted EPS was NOK 8.41 against NOK 4.54 for the same period a year ago. Net cash flow from operating activities was NOK 1,338,039,000 against NOK 2,000,712,000 for the same period a year ago. Purchase of intangible and fixed assets was NOK 1,374,902,000 against NOK 734,110,000 for the same period a year ago.
For the quarter, the company announced impairment of NOK 510,000 compared to NOK 608,000 a year ago.