Norwegian salmon exporter sees big sales, earnings jump
Its turnover was up 25% year-on-year.
Trondheim-based salmon exporter Gaia Seafood reported improved profits, increased revenue and earnings for 2016.
The company's exports brought in NOK 196.4 million (€20.5 million/$23.3 million) in revenue, an increase of 25 percent from the previous year.
Operating profit rose by 200 percent and its year-end balance sheet was NOK 32 million (€3.3 million/$3.8 million). Of this, equity was NOK 8.3 million (€864,500/$984,200).
| (Figures in NOK millions) | 2016 | 2015 | Change |
| Turnover | 196.4 | 156.7 | 25.3% |
| Operating profit | 2.4 | 0.8 | 200% |
| Result before taxes | 2.2 | 0.5 | 340% |
| Net profit | 1.6 | 0.3 | 433.3% |
| Operating margin | 1.2% | 0.5% | 139.4% |
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