Bakkafrost an­nounces strong Q2

Fish Farmer - - European News -

THE Faroese salmon farm­ing group Bakkafrost an­nounced a sub­stan­tially im­proved fi­nan­cial per­for­mance for the sec­ond quar­ter of this year.

The com­pany de­liv­ered a to­tal op­er­at­ing EBIT of 459.2 mil­lion Dan­ish kro­ners (DKK) com­pared to DKK 307.1 mil­lion for Q2 last year

This quar­ter the com­bined farm­ing and VAP seg­ments made an op­er­a­tional EBIT of DKK 435.0 mil­lion. The farm­ing seg­ment made an op­er­a­tional EBIT of DKK 489.5 mil­lion.

Bakkafrost said the salmon spot prices have been on record high lev­els since 2016, and this con­tin­ued in Q2 2017.

The to­tal vol­umes har­vested in Q2 2017 were 18,400 tonnes gut­ted weight com­pared to 13,000 tonnes for the same pe­riod last year.

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