MH profits soar despite smaller salmon harvest

(04/21/17)

Marine Harvest's first quarter profits soar despite smaller salmon harvest

Marine Harvest achieved operational earnings before interest and taxes (EBIT) of EUR 215 million (USD 231 million) in the first quarter of this year, an increase of EUR 103 million (USD 110.7 million) compared to the corresponding period of 2016.

According to the Norway-headquartered salmon farmer’s latest trading update, the operational EBIT of its salmon of Norwegian origin in the last quarter increased to EUR 2.50 (USD 2.69) per kg – up from EUR 1.85 (USD 1.99) in Q1 2016, but lower than the EUR 2.70 (EUR 2.90) achieved in the last quarter of 2016.

Operational EBIT improvements were seen in its salmon of Scottish and Canadian and Chilean origin compared to a year previously – amounting to.....................


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