Royal Greenland

Royal Greenland

Type	Aktieselskab, Food cooperative
Industry	Seafood Fishing
Founded	1990 (1990)
Headquarters	Nuuk, Greenland
Area served	Worldwide
Key people	Niels Harald de Coninck-Smith (Chairman) Mikael Thinghuus (CEO)
Products	Seafood Caviar Commercial fishing Fish processing Convenience Smoked and Marinated fish Dried fish
Revenue	DKK 4,976 million (2012)
Operating income	DKK 241 million (2012)
Net income	DKK 136 million (2012)
Total assets	DKK 1,314 million (2012)
Total equity	DKK 1,009 million (2012)
Number of employees	1,962 (2012)
Subsidiaries	List Royal Greenland Seafood A/S Nuussuaq Fish ApS Sandgreen ApS 7170629 Canada Inc Ittu A/S Kuunnaat Trawl A/S Gaia Fish A/S (50%) Ice Trawl Greenland A/S (50%) &c.
Website	royalgreenland.com
Footnotes / references (2012)

Royal Greenland A/S is a fishing company in Greenland, spun off from Kalaallit Niuerfiat in 1990 but still wholly owned by the Government of Greenland. The company operates in a number of towns and settlements in Greenland, with 20 fish processing plants and ship bases of local subsidiary units. Some of the processing plants were closed between 2007 and 2009.

The Royal Greenland Trading Department was founded in 1774 as a Dano-Norwegian state enterprise charged with administering the Danish settlements and trade in Greenland. The company's monopoly was finally ended in 1950 and the Home Rule Government, introduced in 1979, gained control in 1986, first renaming it "Kalaallit Niuerfiat" and then, in 1992, "KNI". The company's fishing operations were spun off as Royal Greenland A/S in 1990.

As of 2010, Royal Greenland's privatization is delayed by negative financial results and competition concerns.