Global fish farming leader Marine Harvest CEO Alf-Helge Aarskog spoke at the North Atlantic Seafood Forum (NASF) in Oslo this week. He shared that operating revenues for his company reached NOK 4,588 million (EUR 594.6 million) in the fourth quarter of 2010 compared to NOK 3,805 million (EUR 493.2 million) in the corresponding quarter of 2009.
The company’s harvest volume reached 90,485 tonnes in Q4 of 2010, just over the 87,409 tonnes of Q4 2009. Aarskog also noted remarkably higher market prices in major markets compared to the fourth quarter during the year prior to 2010.
Operational EBIT was NOK 1,062 million (EUR 137.6 million) against NOK 520 million (EUR 67.4 million) in the same quarter of 2009. Marine Harvest accomplished better prices in Norway and the operational EBIT margin rose from 13.7 to 23.1 percent.
Furthermore, earnings per share went from NOK 0.15 (EUR 0.019) in the fourth quarter of 2009 to NOK 0.30 (EUR 0.039) in Q4 2010. Cash flow from operations reached NOK 305 million (EUR 39.5 million) versus NOK 102 million (EUR 13.2 million). Read more ...
This blog is written by Martin Little The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers.
The company’s harvest volume reached 90,485 tonnes in Q4 of 2010, just over the 87,409 tonnes of Q4 2009. Aarskog also noted remarkably higher market prices in major markets compared to the fourth quarter during the year prior to 2010.
Operational EBIT was NOK 1,062 million (EUR 137.6 million) against NOK 520 million (EUR 67.4 million) in the same quarter of 2009. Marine Harvest accomplished better prices in Norway and the operational EBIT margin rose from 13.7 to 23.1 percent.
Furthermore, earnings per share went from NOK 0.15 (EUR 0.019) in the fourth quarter of 2009 to NOK 0.30 (EUR 0.039) in Q4 2010. Cash flow from operations reached NOK 305 million (EUR 39.5 million) versus NOK 102 million (EUR 13.2 million). 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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