Norway Royal Salmon’s revenues rise

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.’