Austevoll Seafood ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 15, 2023 at 03:17 am EST
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Austevoll Seafood ASA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NOK 8,566 million compared to NOK 9,094 million a year ago. Net loss was NOK 206 million compared to net income of NOK 714 million a year ago. Basic loss per share from continuing operations was NOK 1.02 compared to basic earnings per share from continuing operations of NOK 3.54 a year ago. Diluted loss per share from continuing operations was NOK 1.02 compared to diluted earnings per share from continuing operations of NOK 3.54 a year ago.
For the nine months, sales was NOK 25,020 million compared to NOK 23,511 million a year ago. Net loss was NOK 141 million compared to net income of NOK 2,192 million a year ago. Basic loss per share from continuing operations was NOK 0.7 compared to basic earnings per share from continuing operations of NOK 10.86 a year ago. Diluted loss per share from continuing operations was NOK 0.7 compared to diluted earnings per share from continuing operations of NOK 10.86 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 
