Grieg Seafood CEO resigns as company reports Q3 operating loss
SEAFOODNEWS.COM [Reuters] - October 17, 2014 -
OSLO, Norwegian fish farmer Grieg Seafood reported an operating loss before fair value adjustments in the third quarter on one time costs. Its chief executive resigned with immediate effect, the firm said today.
Grieg said its made a loss before interest, taxes and fair value adjustments of 63 million Norwegian crowns ($9.8 million) in the third quarter, versus a profit of 76.5 million crowns in the same period a year ago.
Its results were weighed down by disease and quality problems in Norway, and tough competition in Canada. Company CFO Sandtorf will serve as interim CEO...
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