Gross profit, EBITDA as a proportion of operating revenue (excluding transactions of raw materials between enterprises), increased from 25.2% to 30.6% in fishing and fish processing total, from 18% to 23.1% in fishing, and 14.8% to 15,9% in fish processing between 2018 and 2019.
Earnings before tax in fishing and fish processing (annuity method) increased from 12.2% to 19% between 2018 and 2019. In 2019, total profits were 46.2 billion ISK after subtracting imputed cost of capital of 28.2 billion ISK. Using the standardised balancing methodology, total profits were 17.4% or 42.2 billion ISK compared with 11.5% or 25.4 billion ISK in 2018.
Total assets for fishing and fish processing were roughly 786 billion ISK for 2019. Total debt was in excess of 430 billion ISK, a 4% increase, and equity was roughly 356 billion ISK.
Profitability in fishing and fish processing 2019 - Statistical Series