Austevoll Seafood Asa Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 03:45 am EST
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Austevoll Seafood ASA announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was NOK 5,538.197 million compared to NOK 5,768.367 million a year ago. Operating income was NOK 471.947 million compared to operating loss of NOK 24.849 million a year ago. Net income was NOK 200.285 million compared to net loss of NOK 38.925 million a year ago. Basic earnings per share was NOK 0.99 compared to basic loss per share of NOK 0.19 a year ago.
For the nine months, sales was NOK 16,700.707 million compared to NOK 17,411.091 million a year ago. Operating income was NOK 1,444.957 million compared to NOK 1,719.244 million a year ago. Net income was NOK 525.850 million compared to NOK 855.836 million a year ago. Basic earnings per share was NOK 2.61 compared to NOK 4.24 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 
