Norwegian salmon producer Selsoyvik Havbruk more than doubled its turnover and operating profit in 2014 to NOK 175.3 million (€19 million/$21.1 million), and NOK 38.7 million (€4.2 million/$4.7 million), respectively, putting margins up at 22.1 percent.
The company has two production licenses operated in coordination with Kvaroy Fiskeoppdrett’s four licenses. The entire net profit of NOK 30.9 million (€3.3 million/$3.7 million) is transferred to other shareholder equity.
At the close of 2014 the company balance sheet showed NOK 81.9 million (€8.9 million/$9.8
