Scottish Salmon Co. posts record first half sales as change to market orientation pays off
SEAFOODNEWS.COM [SCOM] - August 28, 2014 -
The Scottish Salmon Company credited high harvests and storng prices for record half-year results.
Revenue was up 42.6 percent over year-ago to £33.8 millon. EBIT before Fair Value Adjustment was £0.61 per kg.
Forecast production tonnage for 2014 was revised upwards to 28,900 tonnes based on strong biological performance. Warm waters encouraged growth and increased harvest volumes - with 8,027 tonnes harvested in Q2 2014 compared with 5,976 the previous year - and high market prices dominated the first six months of 2014.
There has been a change in focus over the past year, with new MD Craig Anderson of the SSC Ltd moving the company from being production-led to a market-led strategy.
To Read Full Story Login Below.