The return of a normalized Anchovy fishing season in Peru helped Austevoll Seafood, which owns Peru-based fishmeal producer Austral Group, among others, to significantly increase its profit in the second quarter of 2024.

According to the Storebo, Norway In the Group’s financial report for Fisheries, Aquaculture, Processing, Sales and Distribution for the second quarter of 2024, Austevoll reported a operating EBIT of almost NOK 2.6 billion (USD 246.3 million, EUR 221.2 million), compared to NOK 968 million (USD 91.7 million, EUR 82.4 million) in the second quarter of 2023.

At the same time, operating revenues increased from NOK 8.5 billion (USD 805.1 million, EUR 723 million) to almost NOK 9.9 billion (USD 937.6 million, EUR 842.2 million).

Pelagia’s adjusted EBIT, including income from associates, was just under NOK 2.7 billion (USD 255.6 million, EUR 229.6 million) in the second quarter of 2024, compared to NOK 968 million (USD 93.6 million, EUR 84 million) in the same period last year. Operating profit after fair value adjustment of biological assets and other income and expenses was NOK 2.9 billion (USD 273 million, EUR 246 million), compared to NOK 992 million (USD 93.9 million, EUR 84.4 million) in the same period last year.

Quarterly profit before taxes amounted to more than …