Posts Tagged ‘Grieg Shetland’
Grieg set to quit Shetland
Grieg Seafood is set to pull out of Shetland, the company said in a shock announcement today. Publishing its third quarter results, in which it announced a loss, the company confirmed a decision announced in September that it was closing its operations on the Isle of Skye. Then it dropped the bombshell that the company…
Read MoreGrieg grinds out Shetland improvements
GRIEG Seafood said today that costs at its Shetland operation were still not at target level due to long standing biological problems, but it was slowly making vital improvements. Announcing its 2019 fourth quarter results, Grieg said Shetland produced income of NOK 151.3 million compared with NOK 245.2 for the corresponding period in 2018. This…
Read MoreGrieg Shetland survival rates on the rise
GRIEG Seafood yesterday reported that survival rates are increasing at its Shetland operation where it has been experiencing ongoing biological problems. The announcement was made as the world’s seventh largest fish farmer presented its 2019 third quarter results, which delivered solid earnings on the back of a strong performance from Norway. In August, Grieg suggested…
Read MoreGrieg Shetland income up amid challenges
THE Grieg Seafood Group ended 2018 on a high with record harvest volumes and increased revenues, its results for the final quarter and whole year show. Driven by high prices and cost reductions, the group reported a fourth quarter EBIT of NOK 351 million compared with NOK 151 million 12 months earlier. The EBIT per…
Read MoreGrieg Shetland tackling biological issues
GRIEG Seafood today unveiled profits after tax of almost 225 million kroners for the third quarter of 2018, up from the corresponding 2017 figure of NOK 190.5 million. Harvest figures for the quarter were also slightly higher at 16.941 tonnes, compared with 16,875 tonnes a year ago. But its Shetland, operations continued to present biological…
Read More