Marine Harvest-backed salmon farmer reaps huge profits

Small-scale salmon farmer Finnoy Fisk achieved a profit margin of 63 percent last year, on just two production licenses the company operated in cooperation with Marine Harvest.

Sales in 2013 totaled NOK 37.6 million (€4.6 million/$6.3 million) for Finnoy Fisk, up from NOK 13 million (€1.6 million/$2.2 million) the previous year. Operating profit ended up at NOK 23.7 million (€2.9 million/$4 million), which provided a solid profit margin of 63 percent.

Pre-tax profit last year came to NOK 24.7 million (€3 million/$4.2