Scottish Salmon Company reports record profits
- 16 February 2011
- From the section Scotland business
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.