Strong salmon demand contributes to Marine Harvest’s good result
Salmon processing plant. (Photo: Marine Harvest)
Marine Harvest (MH) reported operational revenues of EUR 862 million in the first quarter of 2018, which is 3.4 per cent below EUR 892 million obtained in the corresponding quarter last year.
According to the company’s CEO Alf-Helge Aarskog, the market situation has led to high prices and a good result for the firm in the first analised quarter.
Based on this and considering the strong market outlook and a solid financial position, the Group’s Board has resolved a quarterly dividend of NOK 2.60 (USD 0.3) per share.
Total harvest volume was 81,212 tonnes in the quarter, compared to 83,768 tonnes in the first quarter in 2017. Estimated harvest volume for the full year of 2018 have been reduced from 410,000 tonnes to 400,000 tonnes due to less growth in sea.
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