Austevoll Seafood Asa Reports Earnings Results for the First Quarter Ended March 31, 2020
May 14, 2020 at 05:18 pm
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Austevoll Seafood ASA announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was NOK 5,856.454 million compared to NOK 5,563.270 million a year ago. Operating income was NOK 219.885 million compared to NOK 663.070 million a year ago. Net loss was NOK 36.614 million compared to net income of NOK 360.467 million a year ago. Basic loss per share was NOK 0.18 compared to basic earnings per share of NOK 1.79 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.