Grieg Seafood ASA Announces Earnings and Operating Results for the Third Quarter Ended September 30, 2018; Provides Operating Guidance for the Fourth Quarter and Full Year of 2018
October 24, 2018 at 02:56 am EDT
Grieg Seafood ASA announced earnings and operating results for the third quarter ended September 30, 2018. For the quarter, the company harvested volume was 16,941 tonnes compared to 16,875 tonnes a year ago. Total operating income was NOK 1,589 million, a reduction of 14% compared to the same period last year. EBIT before fair value adjustment of biological assets was NOK 160 million during the quarter, compared to NOK 229 million in the same quarter of 2017.
For the fourth quarter, the company expects to harvest approximately 24,100 tonnes.
For the year 2018, the company expects 75,000 tonnes.