Salmon farming centre. (Photo: Austevoll Seafood/FIS)
Austevoll Seafood ASA managed to increase its profits due to the growth in sales volume for salmon and trout and also for fishmeal and oil segments in the second quarter of the year when compared with the same quarter in 2013.
The Group reported a revenue totalling NOK 3,571 million (USD 578 million) in the analysed period (NOK 2,749 million [USD 445 million] Q2 2013); an EBITDA amounting to NOK 702 million (USD 113.6 million) (NOK 543 million [USD 87.9 million] Q2 2013); and an EBIT before value adjustment for biomass of NOK 566 million (USD 91.6 million)(NOK 416 million [USD 67.3 million] Q2 2013).
On the other hand, the value adjustment for IFRS biomass was negative at NOK 207 million (USD 33.5 million) during the quarter, compared with the positive IFRS biomass adjustment for the same period in 2013 of NOK 91 million (USD 14.7 million).