Norwegian exporter, Platina, earning €40Mn a head

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1706

Norwegian seafood-export star, Platina Seafood, has posted a solid year of growth for 2017, its earnings rising 69 percent year-on-year to EUR 120 million.

With just three employees, that’s earnings-per-head of EUR 40 million.

Last year’s net income of EUR 1.62 million more than doubled to EUR 5.1 million in 2017, and company operating profit expressed as a margin percentage was 4.3 percent.

Platina Seafood has long been Norway’s most profitable salmon exporter and is linked through its chairman, Andre Skarbo, to Atlantic Sapphire, the company building a giant land-based salmon grow-out facility near Miami, Florida.

Read Insiders buy into Atlantic Sapphire