Lerøy Seafood Group said today (21 February) that it saw “record” sales and operating profit during 2016.
The company reported sales of NOK17.29bn (US$2.07nm) in the year to end-December, up from NOR13.45bn in the comparable period of 2015, supported by higher salmon and trout prices as well as strong demand.
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Operating profit rose to NOK2.84bn in 2016 versus NOK1.38bn in 2015. Including fair-value adjustments of biological assets, operating profit surged to NOK4.31bn compared to NOK1.57bn.
“In 2016, Lerøy Seafood Group achieved a record high result, and can report the highest revenue and highest operating profit before fair value adjustment of biomass in the group’s history,” said CEO Henning Beltestad.
Beltestad continued: “With the acquisition of Havfisk and Norway Seafoods, we have embarked on a new journey on which we aim to integrate white fish into our well-established value chain. We are now a fully integrated company and have control of our entire value chain for a wide range of seafood products, from the sea to the plate, and we are very much looking forward to continuing with our market and product development.”
See Also:
Net earnings rose to NOK3.52bn, up from NOK1.23bn.
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