UK fishing income increased 16%, total profit up 54%
The total UK fleet operating profit was estimated at £216m 2014, a 54% increase from the previous year. While an estimated £157m of net profit was generated in 2014 equal to 17% of total income.
Provisional estimates for 2015 show total fishing income decreasing by 11% to £772m.
This has been driven by the impact of the Russia’s EU trade ban on the pelagic sector and the subsequent decrease in the average mackerel price. ■