Turbot producer slips into the red

Stolt Seafarm Turbot Norway increased revenue to almost NOK 20 million (€2.6 million/$3.5 million) last year, but the results nonetheless ended up in the red.

Revenue improved to NOK 19.6 million (€2.5 million/$3.4 million) in 2012 from NOK 18.2 million (€2.4 million/$3.2 million) the previous year.

However, EBIT ended up at a loss NOK 0.4 million (€52,039/$69,928) last year, down from NOK 0.8 million (€104,077/$139,855) in 2011.

The result before tax was a loss of NOK 0.3 million (€39,029/$52,446) in 2012, compared with NOK 0.8