Brief: Gigante Salmon Sees Rodoy Construction Costs Rise In Q3 But Within Established Financing

Gigante Salmon AS

17/01/2025 07:41

Jan 17 (Reuters) - Gigante Salmon AS  GIGA.OL :
    * Q4 UPDATE ON CONSTRUCTION IN RØDØY
    * IN Q3, COMPANY REPORTED ESTIMATED CAPEX PER KILOGRAM OF
BIOMASS
OF UP TO NOK 65, BASED ON EXPECTED PRODUCTION OF 16,000 TONNES
    * DUE TO A PROLONGED PERIOD OF BAD WEATHER, INSTALLATION OF
SURFACE CLADDING ON FLOORS HAS NOT BEEN POSSIBLE, AND COMPLETION
OF PRODUCTION POOL 2 HAS BEEN DELAYED
    * THIS HAS ALSO AFFECTED PROGRESS OF PRODUCTION POOL 1
SOMEWHAT
    * AN UPDATED COST ESTIMATE FOR Q4 REPORTING IS NOT EXPECTED
TO BE
PRESENTED
    * IS IN PROCESS OF ASSESSING PROGRESS AND COSTS FURTHER TO
DELAY
    * BUT COSTS ARE EXPECTED TO BE GRADUALLY REDUCED IN FINAL
PHASE OF
DEVELOPMENT PROJECT IN RØDØY
    * ASSESSMENT OF COSTS AS A WHOLE IS THAT THEY WILL INCREASE
SOMEWHAT FROM ESTIMATE IN Q3 REPORTING, BUT BE WITHIN
ESTABLISHED FINANCING

Source text:  ID:nObiZ6LjNa 
Further company coverage:  GIGA.OL 

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