- The Marine Harvest Group achieved before tax and interest earnings of NOK 73 million in the third quarter of 2012, compared to NOK 457 million in the corresponding quarter of 2011. The results were impacted by weak market prices and a lower benefit from sales contracts compared to previous quarters. Cash flow from operations was NOK 237 million in the quarter compared to NOK 269 million in the same period in 2011. "The results for the third quarter were negatively impacted by low market prices and limited benefit from the sales contract portfolio compared to previous quarters. I am pleased by the organization's ability to deliver on costs, particularly in Norway. We are struggling in Chile and Canada due to the exceptional low market prices in the Americas. We are continuing to benefit from the cash flow measures implemented last year, and our balance sheet is therefore very strong," says Alf-Helge Aarskog, CEO. The company also reported a harvest volume increase of 12 percent to 93,229 tons from 83.076 tons in the third quarter of 2011. More information...
- More than 18 months after the Fukushima nuclear accident in Japan, fish in the area still contain traces of radioactivity. A new study has found that fish near the plant are still being exposed to new sources of cesium, possibly from the seafloor or from contaminated groundwater that's flowing into the ocean. Fortunately, most fish sampled had levels of cesium below safe limits for consumption, though some contained surprisingly large amounts. Read more...
- Several of the International Aquafeed team were at the BioMarine Business Convention in London this week. They had an exciting and fruitful time and were proud to launch the the BioMarine Resources Directory. Look out for a full report soon.
Norwegian krones (Photo credit: tripu)
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