Blue Island plc Reports Unaudited Interim Management Statement for the Period from January 1, 2014 to March 31, 2014; Provides Earnings and Production Guidance for the Year 2014
April 10, 2014 at 03:03 pm EDT
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Blue Island Plc reported unaudited interim management statement for the period from January 1, 2014 to March 31, 2014. For the period, the company reported total consolidated sales during the period above were EUR 3,596,401 compared to EUR 3,442,949 during the respective 2013 period. There was a sales increase of 4.4%. Due to the uncertain economic conditions that currently exist, it is very hard to make any predictions.
The company provided earnings and production guidance for the year 2014. For the year 2014, the company anticipated that the consolidated sales and profitability for the entire 2014 will be approximately at the same levels as of 2013.
For the year 2014, volume of production for 2014 is anticipated to be at the same levels as 2013 at all business units: hatchery, farming, processing and wild catch.
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.
Blue Island plc Reports Unaudited Interim Management Statement for the Period from January 1, 2014 to March 31, 2014; Provides Earnings and Production Guidance for the Year 2014
BLUE ISLAND PLC 