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SalMar - Results for the first quarter 2013

SalMar reports a good first quarter in a strong salmon market.

SalMar was up 58% on the first quarter of last year, and generated almost NOK 1.3 billion in gross operating revenues int he first quarter of 2013.

"We are pleased with the performance of all our fish farming segments, and are particularly delighted to see that the Rauma segment is back delivering strong margins. SalMar Northern Norway also did well during the quarter, considering that 70 per cent of the fish is from Finnmark, where costs are higher, and that all the fish was harvested in January and February, when the price of salmon was lower than in March," says SalMar CEO Yngve Myhre.

The Sales and Processing segment achieved stable results from its processing operations, though the contribution from this segment was reduced by an almost 30 per cent fixed-price contract rate.

 

 

If you would like to read more, please visit the SalMar website.

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