Salmar: Tops Stoxx after Q3 profit beat, dividend reinstated

P/F Bakkafrost

12/11/2020 08:09

** Shares of Norwegian fish farmer Salmar  SALM.OL  climb 5%
to a record high after it reported a surprise rise in its Q3
operating profit and forecast 2021 salmon output above this
year's level  urn:newsml:reuters.com:*:nL1N2HY0DJ
    ** The company partly reinstates its previously cancelled
2019 dividend, now planning to distribute NOK 13 per share
 urn:newsml:reuters.com:*:nFWN2BA15Y
    ** Q3 operational EBIT rises 5.4% year-on-year to NOK 646.8
mln ($70.83 mln), compared to an estimate of NOK 459 mln seen in
a Refinitiv poll
    ** Salmar stock, up 23% YTD, is the top performer on the
Stoxx 600 index  .STOXX 


($1 = 9.1314 Norwegian crowns)

 ((milla.nissi@tr.com))