P/F Bakkafrost logo

BAKKAo - P/F Bakkafrost News Story

NOK731.2 0.0  0.0%

Last Trade - 07/05/21

Consumer Defensives
Large Cap
Market Cap £3.61bn
Enterprise Value £3.88bn
Revenue £528.3m
Position in Universe 162nd / 1836

Bakkafrost's earnings in value added products to rise after Q2 loss

Tue 23rd August, 2016 7:54am
** Faroese fish farmer Bakkafrost  BAKKA.OL  reported an 
operating profit before biomass adjustments of 307 million 
Danish crowns in the second quarter, up from 303 million in the 
year-ago period, but below analysts' expectations for 325 
million  urn:newsml:reuters.com:*:nFWN1B30JO 
    ** Record high profit in salmon production while value added 
products (VAP) had a loss of 68 million crowns in the second 
quarter compared to a profit of 31 million the in second quarter 
of 2015 
    ** CEO Regin Jacobsen says Bakkafrost has increased prices 
in VAP segment from September 1 and renegotiated contracts 
    ** CEO says confident firm will see better results in the 
time to come in VAP segment 
    ** CEO says third quarter will still be a mix between old 
and new contracts 
 (Reporting by Ole Petter Skonnord, editing by Terje Solsvik) 
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.