Icelandic: 25% profit increase in 2010

Icelandic Group on Thursday announced its consolidated financial results for 2010, including a 25 percent increase in profit to EUR 15.6 million, up from EUR 12.4 million in 2009.

Iceland’s second largest seafood company also announced total sales of EUR 999.6 million in 2010.

EBITDA totaled EUR 41.9 million and net profit reached EUR 6.1 million, both on par with the previous year.

The consolidated results include the Icelandic’s international network of production and marketing companies in Europe, North America and Asia. The company said it is well equipped to continue to consolidate and integrate its operations for further value creation.


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