Posts Tagged ‘Norcod’
Latest Norcod share issue falls short
Norwegian cod farmer Norcod has fallen well short of attracting investment from a new share issue which closed late last week. The company had hoped to net around NOK 16 million (almost £1.2m) from its latest offering of 1,333,333 new shares at a subscription price of NOK 12 per share. The subscription period for the…
Read MoreCanadian seafood giant invests in cod farmer
High Liner Foods, one of North America’s leading seafood companies, has bought a stake in the Norwegian cod farmer, Norcod. The move is an interesting one, because the big Canadian company has not previously been directly involved with aquaculture. High Liner is mainly a marketer and a processor of value-added frozen seafood, with several retail…
Read MoreNorcod revenues shoot up, but profits still some way off
Norcod, Norway’s largest cod farming company, produced a strong operational performance during the final quarter of 2023 with a 61% increase in revenues. The results for the whole of last year were also impressive, with earnings up by 58% to NOK 269m (£20m). The company earned NOK 83m (£6.2m) during the final quarter of 2023…
Read MoreNorcod is now top cod farmer, says CEO
Norcod is now the dominant producer in Norway’s fast growing cod farming sector, the company claims in its latest stock market update. CEO Christian Riber declared: “Our harvest volumes and standing biomass clearly proves our position as the leading cod farmer. “Our new contract in China clearly demonstrates that we are in a unique position…
Read MoreNorcod lands big Chinese distribution deal
Cod farmer Norcod has signed a major deal with a Chinese distribution company to supply a minimum of 800 tonnes of fish. The figure represents around 10% of the company’s expected production this year. Trondheim-based Norcod said: “Even more crucial, the fish exported to China as part of this contract will generate profits – which…
Read MoreNorcod 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 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…
Read MoreCod farming project moves ahead at pace
THE fish farming company Norcod is moving ahead this month with plans to become the world’s largest producer of farmed cod. It has recently transferred around 200,000 fry to its base and released them into cages, and said they are in excellent condition. The first load of 123,000 fry have an average weight of 140 grammes. The average weight of…
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