Norwegian salmon producer Edelfarm sees jump in profit margin

Norwegian salmon producer Edelfarm saw both revenues and profits improve last year, and reached a healthy profit margin of 33.2 percent.

Revenue improved by 10.7 percent to NOK 93.9 million (€9.8 million/$11 million) last year compared with NOK 84.8 million (€8.8 million/$9.9 million) in 2013.

Operating profit rose considerably to NOK 31.2 million (€3.3 million/$3.6 million) last year from NOK 22 million (€2.3 million/$2.6 million) the previous year. The profit margin therefore improved to 33.2 percent from 25.9 percent.

The company has two production licenses and has a close cooperation with Wenberg Fiskeoppdrett, which is also owns 32.5