Blue Island Plc Reports Earnings Results for the Half Year Ended June 30, 2023
September 27, 2023 at 07:22 am EDT
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Blue Island Plc reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was EUR 16.3 million compared to EUR 13.57 million a year ago. Net income was EUR 0.9675 million compared to EUR 0.870109 million a year ago.
Basic earnings per share from continuing operations was EUR 0.0627 compared to EUR 0.0564 a year ago.
Blue Island Plc is a Cyprus-based company engaged in the breeding and trading of fish. Its activities include fry breeding, through its subsidiary, Blue Fisheries Ltd; Mediterranean type fish-farming; tuna and swordfish fishing, through its subsidiary, Niras Trawlers Ltd; fish processing, namely fish fillets, fish burgers, smoked fish and marinated fish, and trade of products, which are either produced by the Company or which are imported and is done both through the Companyâs retail shops, as well as through wholesale distribution. The Company has three production facilities: the Hatchery Unit, which specializes in fry breeding and is located in the Akrotiri area in Limassol; the Open-Sea Fish Farming Unit, which specializes in fish breeding in open sea cages and is located at the Governors coastal area in Limassol, and the Fish Processing Unit, which processes, packages and distributes both fresh and frozen fish and is located in Strovolos, Nicosia.