Posts Tagged ‘cod’
Norcod sales up, but profits yet to emerge
Norwegian cod farmer Norcod has reported a solid jump in its third quarter revenues this year, along with good progress in other areas. Sales were up from NOK 2m (£150,000) 12 months ago to NOK 21m (£1.55m) this time. The company also saw heavy investment in its biomass to fortify its marker position along with…
Read MoreStatt Torsk losses continue to rise despite revenue growth
Cod farmer Statt Torsk, which is merging with the whitefish producer Vesterålen Havbruk, has reported a more than fourfold increase in its third quarter turnover, but the company continues to be loss-making. Revenues increased from NOK 3.2m (£235,000) a year ago to NOK 14.1m (just over £1m) this time. This improvement did not, however, prevent…
Read MoreCod farming industry groups to merge
Two organisations representing Norway’s growing cod farming sector have agreed to merge to give it a stronger voice. The Cod Network, which is the national group for cod farming, and the Cod Cluster are joining forces to create an organisation of more than 100 member companies. “The merger means that we are now a large…
Read MoreCod farmer gets approval for a further 3,500 tonnes
Cod farmer Ode has received approval to start its sixth location, adding a further 3,500 maximum allowable biomass tonnes to production capability. The location is near Støylen, north of Bergen in Volda municipality. Ode was known as Gadus until it changed its name in February. The company said the new site would help it achieve…
Read MoreNorcod says its cod harvest is on track
Norcod, Norway’s largest cod farmer, has reported a third quarter operating profit in its first production cycle, but a small pre-tax loss. The company farms cod in its natural habitat off the coast of central Norway and has so far produced 1.7 million fish, spread over two locations. For Q3 its operating profit was NOK…
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