Posts Tagged ‘Q2 Results’
SSF serves up profit for SalMar
Following losses at the start of the year, Scottish Sea Farms (SSF) produced a modest second quarter profit for salmon farming giant SalMar, the Norwegian company has revealed in its latest financial report. SSF, also known as Norskott Havbruk and which SalMar shares with the Lerøy Seafood Group, returned revenues of NOK 465 million (£39.4…
Read MoreBakkafrost cites \’covid uncertainty\’ as dividend pulled.
Despite an equity ratio of 69 per cent, Bakkafrost has decided to forgo paying a dividend for 2019 because of the continued uncertainty surrounding Covid-19. The Faroese fish farming group said after unveiling its 2020 second quarter results yesterday that its financial position remained strong with a solid balance sheet, a competitive operation and available…
Read MoreBakkafrost cites \’covid uncertainty\’ as dividend pulled.
Despite an equity ratio of 69 per cent, Bakkafrost has decided to forgo paying a dividend for 2019 because of the continued uncertainty surrounding Covid-19. The Faroese fish farming group said after unveiling its 2020 second quarter results yesterday that its financial position remained strong with a solid balance sheet, a competitive operation and available…
Read MoreMowi drops dividend and reduces headcount
Mowi has unveiled plans to reduce its headcount by ten per cent as Covid-19 continues to take a toll on financial performance. And it is not paying a dividend for the first two quarters of this year. The world’s largest salmon farmer made the announcement as it reported a 2020 second quarter EBIT of 99…
Read MoreNRS reports Q2 EBIT increase
Norway Royal Salmon (NRS) today announced an increased operational EBIT (earnings before interest and tax) of 120 million Norwegian kroner (NOK) (£10.2 million) during the second quarter of this year. The figure for Q2 2019 was NOK 113 million (£9.6 million). But as with every other salmon producer, Covid-19 continues to affect financial results. NRS…
Read MoreBakkafrost reports \’positive Q2\’ despite EBIT drop
The Bakkafrost Group today reported a positive performance from all of its activities during the second quarter of this year despite the financial impact of Covid-19 – with the Scottish Salmon Company, its new acquisition, playing a strong role. The Faroese salmon farmer delivered a total operating EBIT of 181.9 million Danish kroner (DKK) (£22…
Read MoreBakkafrost reports \’positive Q2\’ despite EBIT drop
The Bakkafrost Group today reported a positive performance from all of its activities during the second quarter of this year despite the financial impact of Covid-19 – with the Scottish Salmon Company, its new acquisition, playing a strong role. The Faroese salmon farmer delivered a total operating EBIT of 181.9 million Danish kroner (DKK) (£22…
Read MoreAustevoll Q2 results impacted by covid
Austevoll Seafood has become the latest company to report a Covid-19 hit on its 2020 second quarter performance due to lower margins from trout and Atlantic salmon, including Scottish Sea Farms in which it has an interest. The figures might have been worse had it not been for higher earnings from its pelagic fishing activity…
Read MoreCovid impacts Leroy Q2 profits
The Lerøy Seafood Group, co-owners of Scottish Sea Farms, today reported a significant drop in profits due almost entirely to the Covid-19 pandemic during the second quarter of this year. Q2 Revenues fell from NOK 5,340 million to NOK 4,712 million (£403 million), while the operating profit before fair value adjustment related to biological assets…
Read MoreGrieg \’winning biological battle\’ on Shetland
Grieg Seafood is continuing to get on top of its long running biological problems on Shetland, the company said in its 2020 second quarter results published today. Shetland harvest volumes at 3,770 tonnes, although slightly below guide, were 14 per cent up on the same period last year, while revenue rose by two per cent…
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