Fixed-price contracts for sales volume had “a slight negative effect” for fish farming company SalMar during the second quarter of 2013, but that didn’t stop the company from recording record profits before tax.
The profits, according to the company, totaled NOK 844 million (USD million, EUR million). Operational earnings before interest and taxes (EBIT) was NOK 316 million (USD million, EUR million). That’s an increase over the NOK 235 million (USD million, EUR million) reported during the previous quarter, and the NOK 66 million (USD million, EUR million) recorded during 2Q of 2012. Operating profits per kilogram were also up.
“All our fish farming segments performed well during the quarter, though there is still room for improvement,” said SalMar CEO Yngve Myhre.
The group harvested 22,800 metric tons (MT) during 2Q, and earned gross operating revenues of NOK 1.43 billion (USD million, EUR million), an increase of 70 percent on the same quarter last year.
The company projected “good, cost-effective operations in the time ahead,” and indicated SalMar is maintaining its 2013 forecast of 116,000 MT, a 13 percent increase over 2012.
