Marine Harvest last quarter profits drop
MARINE Harvest’s operating profit for the final quarter of 2017 was € 177 million, down from € 259 million in the same period in 2016. The company’s profits for the third quarter of 2017 were € 194 million.
The Faroe Islands had the highest EBIT per kilo at € 3 while Ireland recorded € 2.75, harvesting respectively 4,000 tonnes and 2,500 tonnes.
Marine Harvest Scotland harvested 13,000 tonnes in the quarter with an EBIT of € 1.20 per kg, while Norway’s EBIT per kg was € 1.75 per kg, from 66,500 tonnes harvested.
The company’s Chilean and Canadian operations were the least profitable, with an EBIT of € 1 per kg for harvests of 17,000 tonnes and 10,000 tonnes.
The complete Q4 2017 report will be released on February 14.