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Norway Royal Salmon Q2 profit climbs YOY

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Norway Royal Salmon Q2 profit climbs YOY

4911894 said its second-quarter normalized net income came to 2.41 Norwegian kroner per share, compared with the S&P Capital IQ consensus estimate of 2.80 kroner per share.

EPS rose year over year from 10 øre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 104.9 million kroner, an increase from 4.5 million kroner in the prior-year period.

The normalized profit margin climbed to 10.5% from 0.7% in the year-earlier period.

Total revenue climbed 45.4% year over year to 995.0 million kroner from 684.4 million kroner, and total operating expenses increased 26.2% year over year to 851.0 million kroner from 674.3 million kroner.

eported net income increased on an annual basis to 117.6 mi Norway Royal Salmon AS