Marine Harvest 3Q earnings surge

Marine Harvest on Tuesday reported third quarter operational EBIT of about NOK 790 million (USD 131.4 million, EUR 97.4 million), a huge increase from NOK 73 million (USD 12 million, EUR 9 million) during the same time period in 2012.

Total operational EBIT per kilogram through the value chain for volume of Norwegian origin was about NOK 9.9 (USD 1.7 million, EUR 1.2 million) for the quarter.

The company harvest 81,000 metric tons (MT) of salmon in the quarter, 1,000 MT more than what was projected. Of that, Norway accounted for 53,000 MT, Chile for 6,000 MT, Canada for 6,000 MT and Scotland for 14,000 MT.

Morpol’s figures will be consolidated as from the date of the EU competition approval, i.e. the last day of the quarter. Such consolidation will hence only impact the financial position of the 3Q accounts.

The 3Q 2013 report will be released on 23 October.

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