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BAKKAo - P/F Bakkafrost News Story

NOK731.2 0.0  0.0%

Last Trade - 07/05/21

Sector
Consumer Defensives
Size
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) 
 
Keywords: BAKKAFROST RESULTS/
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