Brief: Lerøy Seafood Group Reports Q4 Revenue Of Nok 5,170 Mln Compared To Nok 5,239 Mln In 2019

Leroy Seafood ASA

19/02/2021 05:42

Feb 19 (Reuters) - Leroy Seafood Group ASA  LSG.OL :
    * REG-LERØY SEAFOOD GROUP ASA: PRELIMINARY FINANCIAL FIGURES
2020
    * IN Q4 2020, REPORTED REVENUE OF NOK 5,170 MILLION,
COMPARED WITH
NOK 5,239 MILLION IN SAME PERIOD OF 2019
    * OPERATING PROFIT BEFORE FAIR VALUE ADJUSTMENT RELATED TO
BIOLOGICAL ASSETS WAS NOK 441 MILLION IN Q4 2020
    * LEROY SEAFOOD GROUP - GLOBAL COVID-19 PANDEMIC HAS A
NEGATIVE
IMPACT ON DEMAND AND HAS RESULTED IN LOWER PRICES FOR BOTH
REDFISH AND WHITEFISH
    * GROUP REPORTED ANNUAL REVENUE OF NOK 19,960 MILLION FOR
2020,
COMPARED WITH NOK 20,427 MILLION IN 2019
    * MAIN FACTOR BEHIND FALL IN EARNINGS FROM Q4 2019 TO Q4
2020 IS
REDUCTION IN PRICES REALISED
    * ANNUAL OPERATING PROFIT BEFORE FAIR VALUE ADJUSTMENT IN
2020 WAS
NOK 1,950 MILLION COMPARED WITH NOK 2,734 MILLION IN 2019

Source text for Eikon:  ID:nGNE9MXr06 
Further company coverage:  LSG.OL 

 ((Reuters.Briefs@thomsonreuters.com;))