Austevoll Seafood Asa Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017
February 26, 2018
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Austevoll Seafood ASA announced unaudited earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported operating revenue of NOK 4,802,013,000 against NOK 5,329,664,000 a year ago. EBITDA before fair value adjustments was NOK 818,675,000 against NOK 1,300,949,000 a year ago. EBIT before fair value adjustment was NOK 584,264,000 against NOK 930,844,000 a year ago. Operating loss was NOK 417,663,000 against operating profit of NOK 2,565,204,000 a year ago. Loss before tax was NOK 361,284,000 against profit before tax of NOK 2,657,988,000 a year ago. Net loss was NOK 181,072,000 against net profit of NOK 2,149,305,000 a year ago. Diluted earnings per share were NOK 0.39 against Diluted loss per share of NOK 4.42 a year ago. Net cash flow from operating activities was NOK 973,508,000 against NOK 817,848,000 a year ago. Purchase of intangible and fixed assets was NOK 649,869,000 against NOK 411,424,000 a year ago.
For the year, the company reported operating revenue of NOK 20,798,933,000 against NOK 18,911,523,000 a year ago. EBITDA before fair value adjustments was NOK 4,747,249,000 against NOK 3,880,831,000 a year ago. EBIT before fair value adjustment was NOK 3,827,155,000 against NOK 2,912,911,000 a year ago. Operating profit was NOK 1,994,656,000 against NOK 4,462,360,000 a year ago. Net profit was NOK 1,830,956,000 against NOK 3,707,974,000 a year ago. Diluted earnings per share were NOK 5.00 against NOK 8.17 a year ago. Profit before tax was NOK 2,200,015,000 compared with NOK 4,682,581,000 a year ago. Net cash flow from operating activities was NOK 4,181,064,000 against NOK 3,249,085,000 a year ago. Purchase of intangible and fixed assets was NOK 1,840,471,000 against NOK 1,142,494,000 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 
