Leroy Seafoods: High Prices Generate Good Earnings
SEAFOODNEWS.COM [SeafoodNews] - February 21, 2017
Today Lerøy Seafood Group (LSG) reported revenue of $590 million for the last quarter in 2016, compared with $427 million in the same period of 2015.
The operating profit before fair value adjustment of biomass was $121,720 in Q4 2016, compared with $42 million in Q4 2015.
"In 2016, Lerøy Seafood Group achieved a record high result, and can report the highest revenue and highest operating profit before fair value adjustment of biomass in the Group's history," confirmed CEO Henning Beltestad.
"We are naturally delighted with such a great result," he continued. "We can look back on a quarter with extremely high salmon and trout prices, strong demand but also some biological challenges and relatively high share of contracts...
To Read Full Story Login Below.