Profitability in fishing and fish processing 2009

January 28, 2011 12:14

These statistics show the profits of the main sub-sectors of these activities such as boats in several size categories, pelagic boats, wet fish trawlers, freezing trawlers, processing of demersal species like freezing and salting, processing of capelin and fresh fish processing, reports www.megafishnet.com with reference to Statistics Iceland.

The net profit of fishing and processing of demersal species increased between 2008 and 2009 or from 27,4% of revenue to 31% (according to the annuity approach and 6% rate of return). Net profit of the fisheries total increased from the year before or from 19,1% of revenue to 22%.

Aggregated balance sheet of fishing and fish processing in 2009 show that the total assets of the fisheries are 590 billions, liabilities are 564 billions and equity is 27 billions.

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