Brief: Austevoll Seafood Q4 Result After Tax Swings To Profit NOK 909 Mln

Austevoll Seafood ASA

17/02/2022 06:18

Feb 17 (Reuters) - Austevoll Seafood ASA  AUSS.OL :
    * Q4 PROFIT AFTER TAX 909 MILLION NOK VERSUS -108 MILLION
NOK LOSS
YEAR AGO
    * FINANCIAL REPORT Q4 2021 AND PRELIMINARY FIGURES FOR 2021
    * GROUP OPERATING REVENUE IN Q4 2021 TOTALLED NOK 7,028
MILLION,
COMPARED WITH NOK 5,746 MILLION IN Q4 2020.
    * GROUP EBIDTA IN Q4 2021 TOTALLED NOK 1,307 MILLION
COMPARED WITH
NOK 859 MILLION IN Q4 2020.
    * STRONG EARNINGS GROWTH IS A RESULT OF A GOOD LEVEL OF
ACTIVITY
IN QUARTER, STRONG DEMAND FOR SEAFOOD AND BETTER PRICES REALISED
FOR GROUP'S PRODUCTS COMPARED WITH Q4 2020.
    * GROUP'S NET INTEREST EXPENSE IN Q4 2021 TOTALLED NOK 71
MILLION
(Q4 2020: NOK 67 MILLION)
    * GROUP REPORTED PROFIT BEFORE TAX IN QUARTER OF NOK 1,154
MILLION
(Q4 2020: LOSS OF NOK 160 MILLION)

Source text for Eikon:  ID:nObiYM9HHa 
Further company coverage:  AUSS.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))