Record high Q2/14 profit and volume for Marine Harvest
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Published: 07:00 CEST 27-08-2014 /GlobeNewswire /Source: Marine Harvest ASA / : MHG /ISIN: NO0003054108
Record high profit and volume for Marine Harvest
(Oslo, 27 August 2014) Marine Harvest achieved an operational EBIT of NOK 1 220 million in the second quarter of 2014, compared to NOK 901 million in the corresponding quarter of 2013.
- The second quarter was a strong quarter for Marine Harvest, with record high profit and volume. As a consequence of the good results, the board has resolved a quarterly dividend of NOK 1 per share, says Aarskog.
Marine Harvest Group reported operational revenues and other income of NOK 6 563 million (NOK 4 445 million) in the second quarter of 2014. Total harvest volumes were 114 176 tonnes in the quarter (79 438 tonnes). Harvest guidance for 2014 is 414 000 tonnes.
- The second quarter marked a milestone for Marine Harvest. In June we made the first deliveries of our own feed, produced at our new feed factory at Bjugn, to sites in Norway. The factory will at full capacity serve 60% of the Norwegian production, and is a vital step towards becoming a fully integrated protein producer with complete control from feed to plate, says CEO Alf-Helge Aarskog.
Salmon of Norwegian origin achieved an operational EBIT per kilo of NOK 12.16 (NOK 12.33) in the second quarter, while salmon of Scottish and Canadian origin reported operational EBIT per kilo of NOK 12.19 and NOK 11.01 respectively (NOK 13.55 and NOK 14.55). Salmon of Chilean origin achieved an operational EBIT per kilo of NOK 5.50 (na). The figures include contribution from Sales and Marketing, including VAP Europe and Morpol Processing. Marine Harvest VAP Europe reported an operational EBIT of NOK -4 million compared to NOK 7 million in the second quarter of 2013. Morpol Processing reported an operational EBIT of NOK 24 million.
- I'm confident that Marine Harvest is well positioned to optimize under the short term challenges arising from the Russian sanctions, due to our global presence, sales contract hedging and high degree of financial flexibility, says Aarskog.
For further information, please contact:
Ivan Vindheim, CFO, Mobile: +47 958 71 310
Henrik Heiberg, VP Finance & Treasury, Tel: +47 21 56 20 11, Mobile: +47 917 47 724
About Marine Harvest Group
Marine Harvest Group is the world's leading seafood company and largest producer of farmed salmon, with presence in 22 countries and a total of 10 600 employees worldwide. The company is headquartered in Bergen, Norway, and is listed on the Oslo Stock Exchange and New York Stock Exchange (NYSE). Please see http://www.marineharvest.com for further information.
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MHG - Quarterly dividend information --------------------------------------------
Published: 07:15 CEST 27-08-2014 /GlobeNewswire /Source: Marine Harvest ASA / : MHG /ISIN: NO0003054108
The board of Marine Harvest ASA has resolved to distribute a quarterly dividend of NOK 1 per share under its authorization granted by the General Meeting.
Marine Harvest's shares listed on the Oslo Stock Exchange (Oslo Børs) and the American Depositary Shares (ADS) listed on the New York Stock Exchange will be traded ex dividend from and including 4 September 2014.
The expected dates for the payment of dividend are 15 September 2014 for the shares listed on the Oslo Stock Exchange and 22 September 2014 for the US American Depository Receipt program.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
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