Bakkafrost upbeat despite higher costs
INCREASED costs involved in dealing with a high number of fish deaths from poisonous algae in September and lower salmon prices during the summer have impacted on Bakkafrost’s 2018 third […] Continue Reading
Bakkafrost seeks cause of 750,000 dead fish
BAKKAFROST last night reported the death of hundreds of thousands of fish at one of its salmon farming sites on the Faroe Islands, with the precise cause still unknown. However, […] Continue Reading
Bakkafrost invests £360m in future
BAKKAFROST, the big Faroese salmon farming company, today unveiled plans to invest at least three billion Danish kroners (about £360 million) in its operations over the next five years. The […] Continue Reading
Bakkafrost plans new biogas plant
BAKKAFROST, the largest salmon farming company in the Faroe Islands, has announced plans to invest in a new biogas plant, working in collaboration with other Faroese fish farmers and local […] Continue Reading
Bakkafrost buys US salmon importer
FAROESE salmon farmer Bakkafrost has entered into a conditional share purchase agreement with the owners of North Landing to purchase all outstanding shares of the US salmon importer. Bakkafrost said […] Continue Reading
Bakkafrost Q1 down, but outlook good
THE Bakkafrost Group, the largest salmon farming company in the Faroe Islands, today unveiled a first quarter operating profit (EBIT) of 268.2 million Danish kroners (£31.7 million) for the first three […] Continue Reading
Bakkafrost chief speaks of landmark year
BAKKAFROST chairman Runi M. Hansen has described 2017 as a landmark year in the Faroese salmon farming company’s history. He said in his annual statement to shareholders and employees that […] Continue Reading
Bakkafrost hails ‘excellent’ Q4 results
THE Faroese salmon farming company Bakkafrost Group today announced a total operating profit (EBIT) of 331.2 million Danish kroners in the final quarter of 2017 – down from the corresponding 2016 quarter of DKK […] Continue Reading
Lower prices dent Bakkafrost Q3 results
THE Faroese salmon farming group Bakkafrost today announced a ‘satisfactory’ total third quarter operating of 251.8 million Danish kroners (DKK), slightly down on the corresponding figure of DKK 255 million last year. The change […] Continue Reading