Thursday, February 17, 2011

2010 A "Transformational" year for Scottish salmon

The Scottish Salmon Company has announced strong Q4 results to complete a record year as the Company continues to capitalise on a favourable market for premium Scottish salmon. The company reported profits before interest and tax of UK£5.6m for Q4 2010 (Q4 2009: UK£5.1m) and UK£22.5m for the year compared to UK£11.1m for 2009 (figures before fair value adjustment for biomass).

Turnover for the Q4 period increased to UK£29.2m (2009: UK£22.9m), pushing revenues for the year to UK£92.4m (2009: UK£64.6m) with harvest volumes exceeding previous estimates at 24,516 tonnes. The market has remained strong throughout the year and the Company said that continuous investment to produce a high quality salmon product in response to customer demand underpinned its solid performance.

The Scottish Salmon Company, a principal player in the Scottish aquaculture industry responsible for approximately 20 percent of salmon production, is seeking to build a distinct brand and secure long-term market relationships which will continue to maximise premium price opportunities for Scottish salmon. Read more ...

This blog is written by Martin Little The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers.
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