February 27, 2009

Leroy Seafood Group posts '08 operating profit of US$43.4 million

Norway's Leroy Seafood Group ASA on Thursday (Feb 26) announced its operating profit of US$43.4 million for its preliminary figures for 2008.


Earnings before Interest & Tax (EBIT) before fair value adjustment biomass amounted to US$48.3 million, as compared to US$55.5 million in 2007.


Operating revenues amounted to NOK6,057.05 million, as compared to NOK6,290.90 million in the previous year.


Earnings per share amounted to NOK2.33, down from NOK5.75 in 2007.


Leroy Seafood Group, headquartered in Bergen, Norway, is an international seafood producer and supplier with sales operations in Europe, Asia and North America.


US$1 = NOK6.92 (Feb 27)