Tuesday, April 19, 2011

Fortunes turn for Marine Harvest

Norwegian aquaculture and fish processing company Marine Harvest has seen profits more than double last year compared to 2009. In its annual report the company shows that profits rise to NOK3.108 billion (US$573 million) from NOK1.302 billion(US$238 million) the previous year.

Sales rose from NOK14.65 billion (US$2.68 billion) to NOK15.19 billion (US$2.78 billion)

However, the rise in sales and profits comes on the back of lower harvest volumes last year with production at 295,683 tonnes last year compared to 327,100 tonnes in 2009. In its annual report, Marine Harvest said that strong underlying demand and tight global supply resulted in a solid market and increased prices for salmon in 2010. 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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