Record Q3 from Lerøy

Fish Farmer - - European News -

THE Lerøy Seafood Group, whose op­er­a­tions now en­com­pass salmon farm­ing, white fish trawl­ing and fish pro­cess­ing, re­ported its ‘best ever’ third quar­ter re­sults.

The group – the par­ent com­pany, along with Sal­Mar, of Scot­tish Sea Farms – an­nounced Q3 op­er­at­ing prof­its of NOK 861 mil­lion, up from NOK 481 mil­lion last year. This cor­re­sponds to op­er­at­ing profit of NOK 17.4 per kg against NOK 14.8 per kg in Q3 2016.

CEO Hen­ning Bel­tes­tad said: ‘We have achieved the high­est rev­enue and the high­est op­er­at­ing profit ever to be re­ported by the group in a third quar­ter. We are pleased with such a good re­sult, but there still re­mains plenty of room for im­prove­ment and this is where our fo­cus lies.’

The farm­ing seg­ment har­vested a to­tal of 46,000 tonnes gut­ted weight of salmon and trout in Q3 2017, up by 45 per cent from the same pe­riod in 2016. This seg­ment’s op­er­at­ing profit to­talled NOK 715 mil­lion in Q3 2017, up from NOK 397 mil­lion in 2016.

‘The lack of growth in pro­duc­tion to­gether with a pos­i­tive devel­op­ment in de­mand and the weaker Nor­we­gian kro­ner have re­sulted in his­tor­i­cally high prices for salmon,’ said Bel­tes­tad.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.