Austevoll Seafood ASA Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 17, 2022 at 03:06 am EST
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Austevoll Seafood ASA reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was NOK 7,028.02 million compared to NOK 5,746.22 million a year ago. Net income was NOK 463.6 million compared to net loss of NOK 31.74 million a year ago. Basic earnings per share from continuing operations was NOK 2.3 compared to basic loss per share from continuing operations of NOK 0.16 a year ago. Diluted earnings per share from continuing operations was NOK 2.3 compared to diluted loss per share from continuing operations of NOK 0.16 a year ago.
For the full year, sales was NOK 26,633.44 million compared to NOK 22,446.93 million a year ago. Net income was NOK 1,910.63 million compared to NOK 494.12 million a year ago. Basic earnings per share from continuing operations was NOK 9.47 compared to NOK 2.45 a year ago. Diluted earnings per share from continuing operations was NOK 9.47 compared to NOK 2.45 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 
