Nor­way Royal Salmon’s rev­enues rise

Fish Farmer - - European News -

THE fish farmer Nor­way Royal Salmon (NRS) has re­ported a large in­crease in op­er­at­ing rev­enues for the sec­ond quar­ter of this year.

The fig­ure was NOK 1,232.9 mil­lion com­pared to NOK 995 mil­lion in the same pe­riod last year.

The op­er­a­tional EBIT (earn­ings be­fore in­ter­est and tax) was al­most NOK 136 mil­lion, down from NOK 168.5 mil­lion in 2016, but the EBIT for the year to date is up by al­most NOK 20 mil­lion to NOK 340 mil­lion. NRS said har­vested vol­umes were 29 per cent lower dur­ing the pe­riod. The sit­u­a­tion around fish health and sea lice was good. The com­pany’s in­terim report says: ‘De­mand for Nor­we­gian salmon in Asia has been good for a long time. The sec­ond quar­ter of 2017 was no ex­cep­tion. ‘The trade prob­lems with China con­tin­ued in the sec­ond quar­ter, how­ever work is be­ing done to find a so­lu­tion, which will be very pos­i­tive in the long term.’

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