Friday, November 11, 2016

Good numbers from Grieg Seafood – Hegnar Online

Grieg Seafood had a net profit after tax of 181,3 million in 3. quarter of 2016, up from 6.4 million in the same quarter last year.

Earnings per. share ended at 1,55 million, up from 5 cents in the same quarter last year.

Good cash flow and strengthened balance sheet provides the basis for the dividend. The board of directors uses its authority from this year’s annual meeting and has decided to pay a dividend of 1 nok per share, named in the interim report.

the Profit before tax was 236,4 million, up from 19,1 million in the same quarter in 2015.

operating profit was 279 million, compared with nok 48,7 million in 3. quarter of 2015.

the Group’s operating profit before fair value adjustment of biomass was 186 million, up from -44 in 2015. The harvest volume in 3. quarter of 2016 was down 28.5 per cent, from 19.480 tonnes to 13.911 tonnes.

the Group’s operating revenue amounted to 1.553 million, up 25 percent from the same period in 2015.

ASA-the cost is over the normal as a result of the high cost in conjunction with increased provision for management’s option programme. This amounts to 8 million in the quarter, and must be seen in connection with increased share price, is called it in the quarterly report.

* Good quarter with EBIT of MNOK 186 (EBIT/kg NOK 13,3).
* NOK 1 per share in dividends.
* Continued strong market.
* EBIT/kg NOK 15,2 in Norway.

* the contract share of 47%.
* Good and stable biology.
* EBIT/kg of NOK 4.0 in BC.

* the Algae has given the challenging the production (write-downs of NOK 5 per kg in the quarter).
* More robust production schedules for freshwater and the sea during the work.
* EBIT/kg NOK 15,9 on Shetland.

* Satisfactory result.
* sea Lice, AGD and algae have given varying production through the quarter.
* the Expected harvest volume 2017 of 73 000 (+11%), of which 48 000 tonnes from Norway (66% of total harvest volume).
* Applying for 10 utviklingskonsesjoner.

a Report and presentation

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