Marine Harvest Has Strong Year with $3.38 Billion Turnover, and 32% Jump in Earnings
SEAFOODNEWS.COM [Undercurrent News] by Tom Seaman - February 4, 2015
Bergen, Norway-based Marine Harvest reporting Q4 earnings that exceeded consensus, in spite of the impact on the market from the Russian import ban.
The company announced operational earnings before interest and taxes (ebit) of NOK 1.03 billion ($136.67 million), flat year-on-year, but up on the consensus of NOK 990m.
Marine Harvest reported Q4 revenue of NOK 6.86bn, up 1.77% year-on-year, with net profit of NOK 110m, down 91.48% y-o-y. The drop in net profit is driven by a lower value placed on the company’s biomass and also an increase in financial...
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