After a profitable 12 months in 2012 for feed manufacturer Polarfeed Sales’ fortunes reversed in the last financial year as turnover dropped more than 20 percent.
Sales fell to NOK 271.8 million (€33.3 million/$41.7 million) from NOK 343.2 million (€42 million/$52.6 million) year-on-year, and operating profit ended up in the red with a loss of NOK 10.4 million (€1.3 million/$1.6 million) in 2013, compared to a plus of NOK 5.7 million (€697,720/$873,525) in the previous year.
“Through focusing on sustainable raw materials, traceability and fish welfare, we aim to serve the customers that have special demands to the fish they want delivered to their customers, without this happening at the expense of cost structure and thus revenue," the board of directors wrote in its annual results.
"There’s
