Marine Harvest Q1 Operating Profit Drops Below Forecast
SEAFOODNEWS.COM [Reuters] - April 16, 2015 -
Operational EBIT for the Marine Harvest Group was approximately NOK 910 million in Q1 2015 (NOK 1,090 million in Q1 2014) vs the Reuters poll of NOK 950 million.
Harvest volume was 99,000 tonnes of salmon including the Chilean operation. (Excluding the Chilean operation, harvest volume was 83,000 tonnes, equal to the company's guiding for the quarter.)
Total operational EBIT per kg through the value chain were approximately as follows for the main sources of origin: Norway NOK 12.6, Scotland NOK 2.6, Canada NOK 4.8.
Marine Harvest Chile harvested a total of 16 thousand tonnes and the operations held for sale reported an operational EBIT of about NOK -50 million in the first quarter. The results in Chile were impacted by exceptional mortality...
To Read Full Story Login Below.