Strong quarter for Marine Harvest

Marine HarvestMarine Harvest smiles.Photo: Marine Harvest

The fish farm company Marine Harvest has never had more revenue in a first quarter than in the first four months of this year.
– Record high prices in Europe and Asia, and better market in America, has made this one of our best quarters ever, says Aarskog.

The Marine Harvest Group revenues increased by 10 percent from last year to 7.5 billion (809.5 million euros).
The company reports that Marine Harvest Norway gained an operating revenue of 17.47 NOK per kilo salmon. Corresponding figures for Marine Harvest Scotland is 5.69 kroner per kilo and NOK 18.40 per kilo for Marine Harvest Canada.
The company’s operating profit improved significantly from the first quarter last year to the same period this year – ,from 29 to 192.7 million euros.The profit before taxes was 164.4 million euros, compated to 52.8 million euros in the fourth quarter of 2015.

Source: NTB scanpix / Norway Today