Austevoll Seafood ASA Reports Audited Group and Parent Company Earnings Results for the Full Year of 2018
April 30, 2019 at 11:08 am EDT
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Austevoll Seafood ASA reported audited group and parent company earnings results for the full year of 2018. For the year, the group reported sales revenue was NOK 22,630 million against NOK 20,797 million a year ago. Operating profit was NOK 5,077 million against NOK 1,995 million a year ago. Net profit was NOK 4,231 million against NOK 1,831 million a year ago. Earnings per share from continued operation was NOK 11.39 compared to NOK 5.00 a year ago.
For the year, the parent company reported sales revenue was NOK 2,089,000 against NOK 2,116,000 a year ago. Operating loss was NOK 36,697,000 against NOK 29,491,000 a year ago. Net profit for the year was NOK 970,039,000 against NOK 558,146,000 a year ago. Earnings per share from continued operation was NOK 4.81 compared to NOK 2.77 a year ago.
Austevoll Seafood ASA (AUSS) is a Norway-based holding company. The Company is involved in pelagic operations within fisheries, production of fishmeal and fish oil, and frozen pelagic consumer products. The Company has sales operations in Norway, Europe, Asia, the USA and South America. Its activities are divided into operating segments and reflect its portfolio companies: Leroey Seafood Group ASA, which is involved in fish farming; Austral Group S.A.A., that is engaged in the production of fishmeal, fish oil, canned fish and frozen fish; Foodcorp Chile S.A., that is engaged in production of frozen fish, canned fish, fishmeal and fish oil.; Br. Birkeland AS, that holds pelagic fishing licences utilised by two purse-seiner fishing vessels; Br. Birkeland Farming AS, that holds seven salmon farming licences in the Western Region of Norway and the joint venture Pelagia Holding AS, that is engaged in production of fishmeal, fish oil, Omega-3 oil and frozen fish for direct human consumption.
AUSTEVOLL SEAFOOD ASA 
