Profits surge for Landcatch

The firm's latest report and accounts, released by Companies House, showed that operating profits had more than trebled to £1.044million in 2006.

Landcatch is engaged in salmon breeding and produces salmon eggs, parr and smolts.
The directors' report said that confidence had returned to the aquaculture sector.
Demand for product had exceeded availability, with higher prices and better credit terms being obtained and ongrowers wishing to enter into long-term contracts to secure supplies.
There had been success in export markets and these would be further explored.
The directors said the Chilean industry continued to expand dramatically and the company's 50%-owned joint venture, Landcatch Chile, was fully participating in this.
Landcatch also recently completed the first delivery of salmon smolts to Russia from anywhere in the world. A consignment of 300,000 smolts made a seven-day, 1,500-mile journey from Landcatch's Ormsary farm on the Argyll coast.
Their destination was Russian Salmon's production base at Ambarnaya Fjord, near Murmansk.