Scottish Salmon Company reports record profits

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 拢5.6m for the last quarter of 2010 and 拢22.5m for the year, compared with 拢11.1m for 2009.

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

Revenue for 2010 was 拢92.4m, up on 拢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.