Grieg Seafood Q1 Results: Low Market Prices Impacted Earnings
Grieg Seafood released their Q1 2021 results this week and is reporting that low market prices have impacted their earnings.
During Q1 sales revenue from continuing operations amounted to NOK 660 million, which is a decrease of 43% when looking back to Q1 of 2020. According to the company, the decrease can mainly be attributed to lower maret prices, in addition to reduced harvest volume. When looking at harvest volume, Grieg harvested 13,583 tonnes this quarter compared to 16,315 tonnes in Q1 of 2020. But for CEO Andrea Kvarne...
To Read Full Story Login Below.