Lerøy Seafood Group achieves record revenue aided by higher salmon harvests
Lerøy salmon products. (Photo: Lerøy Seafood)
Lerøy Seafood Group (LSG) reported a 2.5 per cent growth in revenue in the third quarter, to NOK 4,373 million (USD 535.3 million) compared with NOK 4,268 million (USD 522.5 million) in the same period a year ago.
The Group reported operating profit before fair value adjustment related to biological assets of NOK 861 million (USD 105.4 million) in the analysed period compared with NOK 481 million (USD 58.8 million) in the same quarter in 2016.
The profit before tax and fair value adjustment related to biological assets was NOK 899 million (USD 110 million) compared with NOK 534 million (USD 65.3 million) in the same quarter last year.
Lerøy harvested a total of 46,000 tonnes gutted weight of salmon and trout in the three analysed months, representing a 45 per cent increase from the same period in 2016. The farming segment generated an operat...
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