Grieg Seafood report a profit after tax of 208.8 million dollars in Q4 2014 against 215.2 million dollars in the same period last year.
According to Reuters, it was expected a profit of 82 million.
Earnings per share were NOK 1.89, compared with 1.95 million at the same crossroads last year. The expectation was 0.74 million.
The result before tax was 256.9 million dollars, compared with 244.5 million euros last year and expected 122 million.
The operating profit (EBIT) before fair value adjustment was 140.1 million against NOK 87.0 million the year before and waited NOK 79 million.
The company, however, informed that operating profit includes 60 million in net profit before tax as a result of shares SalmoBreed AS were sold in the quarter.
revised upwards biomass
In addition, biomass revised upwards by 117 million, against expected no adjustment.
Revenues amounted to 765.8 million dollars, compared with 695.7 million dollars in Q4 2013. Pre tip sounding 654 million.
– The production has been as expected during the quarter, with the exception of Shetland where disease gills have increased wastage. Compared with 2013 production in BC has been particularly good.
– The development is now in line with the plan of normalized operations and cost during 2015. Salmon prices went up in the quarter, but the demise of the Russian market has impacted prices negatively, especially around the holiday season, writing board report .
Eyes significant growth
The Board also writes that it will make a final assessment of the dividend in connection with the financial statements for 2014.
events during the quarter draws company until the award of four green licenses in Finnmark.
– This lays the foundation for significant growth in this region, it says.
Here is the report and presentation.
No comments:
Post a Comment