Austevoll Seafood ASA Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months and Company Earnings Results for Nine Months Ended September 30, 2018
November 07, 2018
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Austevoll Seafood ASA reported unaudited consolidated earnings results for third quarter and nine months and company earnings results for nine months ended September 30, 2018. For the quarter, on consolidated basis, the company’s operating revenue was NOK 5,317,212,000 against NOK 4,902,771,000 for the same period a year ago. Operating profit was NOK 842,554,000 against NOK 310,326,000 for the same period a year ago. Profit before tax was NOK 797,847,000 against NOK 328,812,000 for the same period a year ago. Net profit was NOK 607,895,000 against NOK 270,423,000 for the same period a year ago. Profit to controlling interests was NOK 303,205,000 against NOK 171,208,000 for the same period a year ago. Diluted EPS was NOK 1.50 against NOK 0.85 for the same period a year ago. Net cash flow from operating activities was NOK 694,106,000 against NOK 1,206,845,000 for the same period a year ago. Purchase of intangible and fixed assets was NOK 481,245,000 against NOK 456,493,000 for the same period a year ago. Net interest bearing debt as on September 30, 2018 was NOK 4,435,398,000 against NOK 4,411,494,000 as on September 30, 2017.
For the nine months, on consolidated basis, the company’s operating revenue was NOK 17,071,741,000 against NOK 15,996,920,000 for the same period a year ago. Operating profit was NOK 4,862,835,000 against NOK 2,412,319,000 for the same period a year ago. Profit before tax was NOK 4,945,443,000 against NOK 2,561,299,000 for the same period a year ago. Net profit was NOK 3,874,706,000 against NOK 2,012,028,000 for the same period a year ago. Profit to controlling interests was NOK 2,001,364,000 against NOK 1,087,647,000 for the same period a year ago. Diluted EPS was NOK 9.92 against NOK 5.39 for the same period a year ago. Net cash flow from operating activities was NOK 2,032,146,000 against NOK 3,207,557,000 for the same period a year ago. Purchase of intangible and fixed assets was NOK 1,856,147,000 against NOK 1,190,602,000 for the same period a year ago. For the nine months, the company’s net interest-bearing debt was NOK 585 million.
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 Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months and Company Earnings Results for Nine Months Ended September 30, 2018
AUSTEVOLL SEAFOOD ASA 
