Wednesday, February 9, 2011

Strong Profitability For Marine Harvest, As Harvest Increases

Profitability for Marine Harvest increased substantially in the first quarter of 2011, as harvest volumes are expected to increase by 15 percent in 2011.

The Marine Harvest Group achieved an operational EBIT of NOK1062 million in the fourth quarter of 2010, compared to NOK520 million in the corresponding quarter of 2009. "We are satisfied with the good result and the improvements made in the quarter. Overall performance is good, specifically in Norway.

The farming operations in Canada are still struggling with biological challenges. Our operations in VAP Europe are gradually adapting to higher raw material prices, and Marine Harvest Chile is now profitably adapted to the biological situation in Chile. We are very well positioned to benefit from the expected strong market in 2011 and 2012, "comments CEO of Marine Harvest ASA, Alf-Helge Aarskog. Read more ...

This blog is written by Martin Little The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers.
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