Lerøy Seafood Group on Thursday published its first-quarter results, including an impressive NOK 1.87 billion increase in turnover to NOK 2,23 billion — its best-ever first quarter.
The Norwegian company’s operating profit totaled NOK 445.8 million in the first quarter of 2011, up from NOK 255.1 million in the first quarter of 2010, due, of course, to high prices of farmed salmon and salmon trout.
And Lerøy’s outlook for the remainder of 2011 is bright, as “contract prices for 2011 are substantially higher than for 2010, [and the company] can expect to achieve good prices in the time ahead.”
As for production, Lerøy harvested 27,900 metric tons of salmon and salmon trout (gutted weight) in the first quarter of 2011, up from 22,500 metric tons in the first quarter of 2010.
EBIT (earnings before interest and taxes) per kilogram of fish came to NOK 16 in the first quarter of 2011, up from NOK 11.3.
