Austevoll Seafood ASA Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Impairment for the Fourth Quarter Ended December 31, 2018
February 24, 2019
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Austevoll Seafood ASA reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, operating revenue was NOK 5,765,343,000 against NOK 4,802,013,000 a year ago. Operating profit was NOK 214,091,000 against loss of NOK 417,663,000 a year ago. EBIT before fair value adjustment was NOK 955,123,000 against NOK 584,264,000 a year ago. Net profit was NOK 356,126,000 against loss of NOK 181,072,000 a year ago. Earnings per share were NOK 1.06 against loss of NOK 0.39 a year ago.
For the year, operating revenue was NOK 22,837,084,000 against NOK 20,798,933,000 a year ago. Operating profit was NOK 5,076,926,000 against NOK 1,994,656,000 a year ago. EBIT before fair value adjustment was NOK 4,278,538,000 against NOK 3,827,155,000 a year ago. Net profit was NOK 4,230,832,000 against NOK 1,830,956,000 a year ago. Earnings per share were NOK 11.39 against NOK 5.00 a year ago.
For the quarter, the company announced impairment of NOK 5,511,000.
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 the Fourth Quarter and Full Year Ended December 31, 2018; Reports Impairment for the Fourth Quarter Ended December 31, 2018
AUSTEVOLL SEAFOOD ASA 
