Earnings WILL be higher this year :-)
1) Fishery
- We own 36.6% against 23.89% starting Q4 2017.
- Unless the Pearl Grouper is a complete disaster, the MF will likely do better this year.
- Always a bit of growth at the other farms/ open dams.
- We still had some upgrades this year at the other farms
2) Consultancy.
Can't be worse this year, if they start construction of building nr. 3. And potentially a contract abroad.
3) HU
Again, can't be worse this year. They invested a couple of mil last year that will hopefully give us a return this year.
As for the rest, we'll see. I would use a 30% increase in earnings this year.