Posts by Dave Edler
Bakkafrost cites \’covid uncertainty\’ as dividend pulled.
Despite an equity ratio of 69 per cent, Bakkafrost has decided to forgo paying a dividend for 2019 because of the continued uncertainty surrounding Covid-19. The Faroese fish farming group said after unveiling its 2020 second quarter results yesterday that its financial position remained strong with a solid balance sheet, a competitive operation and available…
Read MoreMowi drops dividend and reduces headcount
Mowi has unveiled plans to reduce its headcount by ten per cent as Covid-19 continues to take a toll on financial performance. And it is not paying a dividend for the first two quarters of this year. The world’s largest salmon farmer made the announcement as it reported a 2020 second quarter EBIT of 99…
Read MoreMowi responds to Carradale fish losses
As a response to the damage caused by Storm Ellen to their fish farm site at Carradale North, Mowi Scotland last night issued the following statement: \’Mowi Scotland’s salmon farm at Carradale North, consisting of 10 circular net pens containing 550,700 salmon (@~4.2kgs), shifted its position after becoming detached from its seabed anchors during Storm…
Read MoreNRS reports Q2 EBIT increase
Norway Royal Salmon (NRS) today announced an increased operational EBIT (earnings before interest and tax) of 120 million Norwegian kroner (NOK) (£10.2 million) during the second quarter of this year. The figure for Q2 2019 was NOK 113 million (£9.6 million). But as with every other salmon producer, Covid-19 continues to affect financial results. NRS…
Read MoreLoch Duart helps fund new accessible Wheelyboat
Independent Scottish salmon farm, Loch Duart, has donated over £7,300 through its Salmon Pool fund, to the North Uist and South Uist Angling Clubs to help purchase a brand-new, accessible boat. National charity, The Wheelyboat Trust, in partnership with the Angling Trust, will supply the new boat, giving disabled anglers and boating enthusiasts throughout the…
Read MoreBakkafrost reports \’positive Q2\’ despite EBIT drop
The Bakkafrost Group today reported a positive performance from all of its activities during the second quarter of this year despite the financial impact of Covid-19 – with the Scottish Salmon Company, its new acquisition, playing a strong role. The Faroese salmon farmer delivered a total operating EBIT of 181.9 million Danish kroner (DKK) (£22…
Read MoreBakkafrost reports \’positive Q2\’ despite EBIT drop
The Bakkafrost Group today reported a positive performance from all of its activities during the second quarter of this year despite the financial impact of Covid-19 – with the Scottish Salmon Company, its new acquisition, playing a strong role. The Faroese salmon farmer delivered a total operating EBIT of 181.9 million Danish kroner (DKK) (£22…
Read MoreAustevoll Q2 results impacted by covid
Austevoll Seafood has become the latest company to report a Covid-19 hit on its 2020 second quarter performance due to lower margins from trout and Atlantic salmon, including Scottish Sea Farms in which it has an interest. The figures might have been worse had it not been for higher earnings from its pelagic fishing activity…
Read MoreFish farm auction nets 6 billion kroner
The big Norwegian fish farming permit auction this week netted more than half a billion pounds sterling – or just short of six billion kroner. A total of 30 aquaculture companies paid the record amount and they will share new licenses capable of producing an additional 27,000 tonnes a year. At least NOK two billion…
Read MoreBREAKING: Mowi\’s North Carradale farm hit by Storm Ellen
Mowi Scotland have reported that its farm at North Carradale was hit by Storm Ellen yesterday. The company have issued the following statement: \’On August 20, 2020, Mowi’s salmon farm at Carradale North, consisting of 10 circular net pens containing 550,000 salmon (@~4.2kgs), shifted position after its seabed anchors became dislodged during Storm Ellen that…
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