Scotland business

Scottish Salmon Company reports record profits

fish farm
Image caption The Scottish Salmon Company says 2010 was a transformational year

The Scottish Salmon Company has reported record results for 2010 with profits increasing by almost 50%.

The company announced pre-tax profits of £5.6m for the last quarter of 2010 and £22.5m for the year, compared with £11.1m for 2009.

Turnover for the last quarter of 2010 increased to £29.2m from £22.9m for the same period in 2009.

Revenue for 2010 was £92.4m, up on £64.6m in 2009. Harvest volumes exceeded estimates at 24,516 tonnes.

Chief executive of The Scottish Salmon Company Bill Hazeldean said: "2010 was a transformational year.

"While we have been able to capitalise on a strong market to report record results, the company has continued to invest in its operations as we focus on long-term sustainability and success."

He added: "The overall outlook is positive and solid performance is anticipated going forward."

The firm's facilities are located in remote rural locations throughout the west coast and Highlands of Scotland.

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