Grieg Seafood's 4Q 2013 report shows a major boost compared to 2012, which the company said in a release is due largely to "a strong market and historically high prices, especially at the end of the quarter."
The company's earnings before interest, dividends and taxes (EBIT), recorded before fair value adjustment of biomass totaled NOK 87 million (USD million, EUR million) in the quarter, compared to the NOK -48.9 million (USD , EUR ) recorded in the same quarter 2012. For year-to-date, the company recorded EBIT of NOK 350.6 million (USD million, EUR million), compared to NOK -99.6 million (USD , EUR ) in 2012.
Along with surges in pricing, Grieg reported its operations in Shetland had "improved the biological situation, reduced production costs and improved the results."
February 13, 2014
