The return of a normalized anchovy-fishing season in Peru helped Austevoll Seafood, which owns Peru-based fishmeal producer Austral Group, among other subsidiaries, significantly grow its earnings in the second quarter of 2024.
According to the Storebø, Norway-based fisheries, aquaculture, processing, sales, and distribution group’s Q2 2024 financial report, for the three-month period, Austevoll posted an operational EBIT of almost NOK 2.6 billion (USD 246.3 million, EUR 221.2 million), compared to NOK 968 million (USD 91.7 million, EUR 82.4 million) in Q2 2023.
At the same time, its operating revenues increased from NOK 8.5 billion (USD 805.1 million, EUR 723 million) to almost NOK 9.9 billion (USD 937.6 million, EUR 842.2 million).
Pelagia’s adjusted EBIT, including revenue from associates, was just under NOK 2.7 billion (USD 255.6 million, EUR 229.6 million) in Q2 2024, compared to NOK 968 million (USD 93.6 million, EUR 84 million) in the same period of last year. Operating profit after fair value adjustment of biological assets and other income and expenses totaled NOK 2.9 billion (USD 273 million, EUR 246 million), compared to NOK 992 million (USD 93.9 million, EUR 84.4 million) in the same period a year previously.
Its quarterly profit before tax was more than …
