Posts Tagged ‘Coast Seafood’
Coast Seafood marks 30th anniversary with 30% revenue rise
Norway’s Coast Seafood has reported a 30% increase in revenue for last year, but interest rate rises meant pre-tax profits fell. Coast purchased the fresh and frozen business Danish Vega Salmon in January 2023 which has an annual production turnover of around 25,000 tonnes of salmon and this acquisition was the main reason for the surge in turnover.
Read MoreRussia returns Norwegian salmon shipments
THE Norwegian authorities are still scratching their heads wondering why Russia has just sent back two large planeloads of Norwegian salmon bound for Asia. One of the aircraft was carrying about 100 tonnes of the fish when it touched down in Moscow and was promptly ordered to return to Oslo’s Gardermoen Airport without explanation. Cato…
Read MoreSalmon firms moving into white fish
MORE aquaculture companies are predicted to expand into the cod and haddock business over the next year or two, following a major purchase by a Norwegian salmon business trio this week. The consortium was led by Coast Seafood, one of the world’s largest independent salmon and trout sales firms, and joined by Brødrene Karlsen and…
Read MoreCoast Seafood profits up almost 20 per cent
THE Coast Seafood group, one of the world’s largest independent salmon and trout sales companies, has announced a major increase in operating profits for 2017. The Norwegian based company, which boasts that it exports seafood to the world, reported sales of 4.3 billion kroners, the same total as the previous year. But operating profits jumped…
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