The Grieg Group NewsGood Results – Particularly in Norway

Good Results – Particularly in Norway

Good Results – Particularly in Norway

The second quarter results for Grieg Seafood were released 16. August 2011.

Grieg Seafood Highlights First quarter 2011 and half-year report 2011

  • Strong salmon market in the first months of the year, followed by a significant decline in prices.
  • Strong result in Norway in second quarter. Weak results in Canada and Shetland influenced by non-recurring events.
  • EBIT before fair value adjustment of biological assets was MNOK 142.9 in second quarter 2011 (MNOK 175.1).
  • EBIT before fair value adjustment of biological assets was MNOK 274.5 in the first half of 2011 (MNOK 290.4).
  • Harvested volume in second quarter was 14 282 tons, an increase of 4.3%.
  • Acquisition of Erfjord Stamfisk AS in Norway and 2 licenses on Shetland in first half of 2011.

To see the full results, please click the link below.

Related files:

Grieg Group | C. Sundtsgate 17/19, P.O.Box 234 Sentrum, N-5804 Bergen, NORWAY | Phone: +47 55 57 66 00