Lerøy: Salmon market remains favorable

By

SeafoodSource staff

Published on
August 18, 2010

Lerøy Seafood Group on Thursday published its second-quarter results, including a turnover of NOK 2.2 billion (USD 357.6 million, EUR 277.8 million), up an impressive NOK 1.8 billion for the same three-month period last year.

In the second quarter of 2010, the Norwegian company’s operating profit (EBITDA) totaled NOK 367.8 million, compared to NOK 221.6 million in the second quarter of 2009, while its pre-tax profit reached NOK 382 million, up from NOK 219 million in 2009.

Lerøy attributed its second-quarter results to an increase in its Atlantic salmon output and prices. The company harvested 27,600 metric tons (gutted weight) of salmon in the second quarter of 2010, up from 23,200 metric tons in 2009.

“Thanks to good market conditions, satisfactory biology and high volumes, the affiliated company Norskott Havbruk (owner of the  Scotland-based Scottish Sea Farms Ltd.) saw an extremely good development in net earnings in the second quarter,” said the company in a press release.

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