Norway-headquartered salmon farmer Marine Harvest achieved operational earnings before interest and taxes (EBIT) of EUR 257 million (USD 274.8 million) in the fourth-quarter of last year, more than doubling the EUR 90 million (USD 96.2 million) posted in the corresponding period of 2015.
According to the company’s latest trading update, the operational EBIT of its salmon of Norwegian origin in Q4 2016 increased to EUR 2.70 (USD 2.89) per kg. Operational EBIT improvements were seen in its salmon of Scottish, Canadian and Chilean origin, which amounted to EUR 1.85 (USD 1.98), EUR 3.30 (USD 3.53) and EUR 2.60 (USD 2.78) per kg respectively.
Marine Harvest highlighted that the operation EBIT per kg through the value chain for Chile in the quarter was positively impacted by approximately EUR 0.55 per kg related to sale of fixed assets.
The total volume harvested by the group in Q4 was 100,000 metric tons (MT) gutted weight equivalent (GWE), down from111,000 MT in Q4 2015.
Its total volume in the last quarter comprised 64,000 MT from Norway, 12,000 MT from Scotland, 9,500 MT from Canada and 7,500 MT from Chile.
