Austevoll Seafood Raises Dividend Despite Drop in Q4 Net Profit
SEAFOODNEWS.COM [Dow Jones] By Dominic Chopping - February 24, 2015 -
Austevoll Seafood ASA, the Norwegian fishing and food processing company, posted a drop in fourth-quarter net profit and said the import ban in Russia represents a significant, short-term challenge.
However, the company proposed a NOK2 dividend, up from NOK1.60 last year.
It reported a net profit of NOK616.5 million from NOK1.01 billion last year on revenue of NOK3.7 billion, just lower from NOK3.73 billion last year. Operating profit was NOK990.7 million compared to NOK1.26 billion. The fair value adjustment on biomass was a gain of NOK617.1 million compared to a gain of NOK853.1 million.
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