Leroy sees sales, operating profit rise

By

SeafoodSource staff

Published on
August 18, 2009

Leroy Seafood Group on Wednesday released its second-quarter results.

The Norwegian company’s second-quarter sales reached NOK 1.82 billion (USD 296.6 million, EUR 210 million), up from NOK 1.52 billion (USD 247.7 million, EUR 175.4 million) in 2008. Its operating profit totaled NOK 221.6 million (USD 36.1 million, EUR 25.6 million), up from NOK 51.7 million (USD 8.4 million, EUR 6 million) last year.

Leroy said in its second-quarter presentation that it’s “ well positioned for future organic and strategic growth.”

The company also revealed that it harvested 23,300 metric tons of salmon in the second quarter of 2009, down from 23,500 metric tons in 2008. During the period, production in Chile was down 53.3 percent, while production in Norway was up 8.2 percent.

Through 12 August, the company had harvested 1.35 million metric tons of Atlantic salmon, down 9.5 percent from a year ago.

Production in Chile totaled 160,000 metric tons, down 59.9 percent from a year ago, while production in Norway reached 828,000 metric tons, up 11.7 percent from a year ago. Production in the Faeroe Islands and Canada and totaled 140,000 metric tons and 120,000 metric tons, respectively, both up slightly from a year ago.

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