Salmon firm's results saved by Norway Royal Salmon share sale

Norwegian salmon group Egil Kristoffersen & Sonner saw operating profit fall by more than half in 2018, to NOK 51.9 million (€53.6 million/$59.8 million), down from NOK 127.7 million (€132.1 million/$147.2 million) a year earlier.

Results were hit by a slide in revenue to NOK 285 million (€29.4 million/$32.9 million) from NOK 469.8 million (€48.6 million/$54.1 million) in 2017, the result in part of lower salmon prices.

However, the final numbers were saved by NOK 164 million (€169.7 million/$189 million) in financial income, the result of its share sale to Norway Royal Salmon (NRS) last year.