Royal Greenland

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. Royal Greenland had an annual net profit of DKK 335 million before tax in 2016.

History


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.