Grieg Posts Record 4Q Earnings on Strong Salmon Prices, Higher Production
SEAFOODNEWS.COM [SeafoodNews] February 21, 2017
Grieg Seafood announced its highest earnings ever in the fourth quarter of 2015, in a market defined by high prices and limited supply.
The Atlantic salmon farming company, with production facilities in Norway, Shetland Islands, and British Columbia, posted operating earnings of US$54.5 million compared to 4Q2015 earnings of $5 million in 2015.
They credit the record earnings from a high harvest volume of nearly 21,000 metric tons in a strong market. This compares to 15,279 metric tons in the same period in 2015, reflecting an increase of 37 percent...
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