Wednesday, February 17, 2016

Marine Harvest considerably better than expected – OBI Online

John Fredriksen farming company Marine Harvest reports a profit after tax of 829.9 million kroner in Q4 2015 against 110.3 million kroner in the same period last year. According to TDN Finans was expecting a profit of 596 million.

Earnings per share were 1.84 million, against 0.27 million at the same crossroads last year. There were expecting a profit of 1.32 kroner per share.

The result before tax was 1360.7 million, compared with 373.5 million the year before. Average expectations of analysts indicated a profit before tax of NOK 794 million.

The operating profit was 1,778.2 million, compared to 1,425.7 million the year before. Here analysts had expected a profit of NOK 893 million.

Operationally operating profit amounted to 837 million, against 1.032 million the year before. Here was the expectation NOK 851 million.

Revenues amounted to 8008.7 million, compared to 6,881.1 million in Q4 2014. Analysts’ expectations were here on 7.497 million.

Supported by the operating results, prospects for a strong market opening and a solid financial position, the Board has decided quarterly dividend of NOK 1.40 per aksje.Det was in line with expectations.

– I’m very satisfied with a new record quarter in Marine Harvest Fish Feed. We now want to expand fôraktiviteten spring with a new feed plant in Scotland, says CEO Aarskog in a message.

Please note that Periscopus by Trygve OBI owns four million shares in Marine Harvest .

Here is the report and presentation

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