Norwegian salmon farming company Morpol ASA has shown strong results in Q3 thanks to higher revenue from both processing and farming sectors.

The firm had an operating EBIT of EUR 10.4 million, which was EUR 5.8 million higher than the same period last year, and higher in EUR 12.4 million than the second quarter this year.

Processing operating revenue yielded EUR 116.0 million compared to EUR 91.2 million for the same period last year. Higher prices per unit had an impact on revenue. And the volume excluding contract processing increased in a significant way in comparison to the same period in 2012.

For this quarter, processing operating EBIT reached EUR 2.1 million compared to EUR 5.7 million for the same period last year. This reduction shows the fact that raw material prices went...  (More Info)