Aker BioMarine moves into the black

By

SeafoodSource staff

Published on
February 17, 2011

Superba™ Krill sales tripled to 177 metric tons in 2010, the krill oil’s manufacturer, Aker BioMarine ASA, reported on Friday as it published its fourth-quarter and year-end results.

The Norwegian company’s operating revenues more than doubled to NOK 311 million last year, its first year with positive EBITDA (NOK 20 million). The firm also posted a net profit after tax of NOK 178 million in 2010 after a net loss NOK 304 million in 2009.

In the fourth quarter, Aker BioMarine’s operating revenues reached NOK 87 million, up from NOK 47 million in the fourth quarter of 2009. The increase is largely attributable to Superba™ Krill and Qrill™ sales growth.

Last September, Aker BioMarine through a partnership with Lindsey Goldberg LLC acquired a 100 percent interest in fish-oil supplement manufacturer Epax Holding AS from Austevoll Seafood ASA for NOK 561 million.

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