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Frozen Foods International News
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| Marine Harvest Has Good Quarter |
Marine Harvest ASA, Oslo, Norway, reported operating revenues of
NOK 3 431 million, up four percent from NOK 3 298 million, for
the first quarter of 2010. Higher prices more than compensated
for a four percent drop in harvest volumes from 76,177 to 73,061
tons. Net earnings in the period were NOK 626 million, versus NOK
217 million.
"Our first quarter results confirm the favorable market balance,
with continued strong demand in key markets and limited global
supply. Also in this quarter, we achieved operational
improvements in Norway, VAP Europe, Canada and Chile," said
Acting CEO Thomas Farstad.
Marine Harvest looks to harvest a volume of 298,000 tons in 2010,
of which 68 000 tons is expected in the second quarter. "We
expect a strong market for salmon in 2010 and 2011, and have
recently entered into sales contracts confirming the strength of
the market. There should also be a potential for improvement in
achieved prices through a better organised and more coordinated
sales function, including VAP sales activities," said Farstad.
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| 05-May-10 |
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