Brief: Atlantic Sapphire End-Q3 Standing Biomass At About 2,350T Rlw

Atlantic Sapphire ASA

01/11/2023 15:44

Nov 1 (Reuters) - Atlantic Sapphire ASA  ASA.OL :
    * STANDING BIOMASS END-Q3 2023 WAS ABOUT 2,350T RLW
    * TEMPERATURE-RELATED CHALLENGES RESULTED IN SLOWER GROWTH
IN Q3,
WITH NET BIOMASS GAIN OF ABOUT 100T RLW
    * BIOMASS BEING MONITORED CLOSELY FOLLOWING Q3 TEMPERATURE
ISSUES,
BUT CONTINUE TO EXPECT MATERIAL UPTICK IN BIOMASS GAIN AND
HARVEST VOLUME
    * TEMPERATURES BROUGHT DOWN AND STABILIZED AT TARGETED
LEVELS OF
AROUND 14°C IN SALTWATER SYSTEMS
    * ESTIMATES TO REACH EBITDA BREAKEVEN TOWARDS END OF H1 2024
    * Q4 HARVEST VOLUME OF ABOUT 300T HOG EXPECTED

Source text for Eikon:  ID:nObicbtbVa 
Further company coverage:  ASA.OL 

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