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Finances
Finances

SAM AERO AS was established in 2004 as a PLC with the shares divided equally between the 7 owners.

SAM started off with a humble turnover of NOK 293,848.- which led to a positive result of NOK 61,236.- back in 2004.

The turnover has since then skyrocketed to NOK 42,554,296.- in 2008. SAM Year-End result for 2008 was again positive: NOK 1,025,005.-

What started off as a hobby for the 7 owners has evolved into big business!

The growth of SAM over the last 4 years has panned out as follows:

2004-2005

Turnover: +77%

Profit: -32%

2005-2006

Turnover: +1050%

Profit: +62%

2006-2007

Turnover: +64%

Profit: +52%

2007-2008

Turnover: +11%

Profit: +54%

As soon as we have the results for 2009 we will update our progress here, in the meantime our official financial information is available from Norway’s Brønnøysund registry.