Ellingsen Seafood reported a solid profit margin of 33 percent last year after having bumped up sales by 24.1 percent, according to its latest annual report.
The group, which operates 11 production licenses, improved its revenue to NOK 457.9 million (€54.5 million/$74.3 million) from NOK 369.1 million (€43.9 million/$59.9 million) the previous year.
Operating profit amounted to NOK 151.2 million (€18 million/$24.5 million) last year, which furnished a profit margin of 33 percent, as compared to operating profit of NOK 33.1 million (€3.9
