Tuesday , December 1 2020

Norwegian rewards Royal Salmon has fallen sharply



The Norwegian Royal Salmon reports profit after NOK 152.46 million in the third quarter of 2018, down from 189.87 million NOK in the same quarter last year.

The earnings per share ended in NOK 3.51, down from NOK 4.38 in the same quarter last year.

The pre-tax earnings were NOK 188.25 million, compared to NOK 221.79 million last year.

Operating profit (EBIT) was NOK 168.56 million, compared to NOK 158.82 million the previous year.

The operating revenue was 876.04 million NOK, compared to NOK 1,360.29 million in the third quarter of 2017.

"During the quarter we have focused on the construction of biomass and biomass at sea increased by 71% from the end of the previous quarter.This has resulted in a low slaughter quota for the quarter.We have had a positive development in the production cost of & Last quarter in the Nord Region, said CEO Charles Høstlund in comment.

Here is the report and the presentation.


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