Brief: Norcod Q3 Operating Loss Widens To NOK 28 Mln

Norcod AS

09/11/2023 06:39

Nov 9 (Reuters) - Norcod AS  NCOD.OL :
    * Q3 24 MNOK IN REVENUES, UP FROM 2 MNOK IN Q3-22
    * Q3 28 MNOK IN OPERATING LOSS, COMPARED TO 3 MNOK IN Q3-22
    * Q3 144 TONS WFE HARVESTED, UP FROM 0 TONS WFE IN Q3-22
    * POSITIVE EXPECTATIONS ON THE MARKET OUTLOOK
    * IN SHORT-TERM PERSPECTIVE, WE KNOW THAT CUSTOMERS ARE
LOOKING
FORWARD TO HAVING NORCOD BACK DURING THE NEXT QUARTERS
    * IN THE LONGER-TERM PERSPECTIVE, SIGNIFICANT QUOTA CUTS FOR
THE
BARENTS SEA COD EXPECTED FROM 2024 AND BEYOND IMPLIES
BOTTLENECKS ON THE SUPPLY SIDE OF ATLANTIC COD
    * LOOKING TOWARDS OVERSEAS MARKETS SUCH AS US, JAPAN, KOREA
AND
CHINA
    * EXPECTS SITE LABUKTA AND FROSVIKA WILL PROVIDE HARVEST
VOLUMES
FROM JULY 2024

Source text for Eikon:  ID:nObi5PnxBa 
Further company coverage:  NCOD.OL 

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