Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Fishing vessel of SAPMER Group's fleet.

SAPMER saw its profit grow 93pct in H1

  (RÉUNION, 10/16/2017)

SAPMER obtained a net profit of EUR 10.6 million in the first half of this year compared with EUR 5.5 million in the same period of 2016, which means a growth of 93 per cent.

"The results of tuna, fishing and processing activities are well targeted and the activities of lobster and black hake despite the additional costs of this semester, which also contribute positively to the company's profits," reported the company.


Piriou shipyard delivered its eighth tuna vessel to Sapmer in 2015. Built by Piriou in Vietnam, "Morn Seselwa" is a modern tuna freezer tuna freezer of 80 m length and 1,520 m3 of hold capacity.

According to the group, one of the most important events of the semester is the entry into force of the quotas for albacore in the Indian Ocean in 2017. This new framework makes it possible, as for lobster and Patagonian toothfish fisheries, promote best practices for more sustainable management.

Since the end of December 2016 SAPMER has incorporated four tuna vessels, which were previously managed by another company in the group, which contributed to the strong increase in sales to EUR 88.4 million (compared to EUR 63.8 million in the first half of 2016).

Fishing activities, including the southern fisheries and sales of raw tuna, accounted for 89 per cent of total turnover:

  • Most of the lobster sales in fiscal year 2017 were in the first half of the year, reaching EUR 6.6 million (5 per cent more than in the same period of 2016).
  • Although prices declined slightly compared to the second half of 2016 and the euro / dollar exchange rates were less favorable, sales of Patagonian toothfish remained stable at EUR 29 million, compared to the first six months of last year (- 1 per cent).
  • The increase in the volume of raw tuna is mainly due to the entry of the four tuna vessels into the company's fleet. Prices are also well-targeted, mainly because of the effect of quotas for yellowfin in the Indian Ocean. Gross tuna sales amounted to EUR 42.7 million (EUR 23 million on a comparable basis).

The increase in processing revenues to EUR 9.8 million (compared to EUR 5.9 million in the same half of 2016) was also due to the expansion of the tuna fleet, and to higher prices and better yields of production, thanks to continuous improvement in the selection of raw material and the quality of its premium products, SAPMER said in its semi-annual report.

      

Operating income (EBIT) was EUR 15.8 million (EUR 6.8 million in the first half of 2016) and EBITDA increased by 17.5 per cent year-on-year to EUR 18.1 million

The decline in financial income compared to the first half of 2016 - which benefitted from favourable euro/dollar coverage - was mainly due to currency losses caused by the rapid weakening of the dollar during the first half.
 

[email protected]
www.fis.com


Information of the company:
Address: Darse de Peche 4 rue Charles Dickens
City: Le Port
State/ZIP: (97420)
Country: Réunion
Phone: +262 2 62 42 02 73
Fax: +262 2 62 42 03 85
E-Mail: [email protected]
More about:




Approval / Accreditation / Certified / Oversight by...
Dolphin Safe  HACCP  ISO   E.U.  BVQi 



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Vitux AS Achieves Friend of the Sea's Certification for its Soft Chews
Make your Seafood Feast Sustainable this Christmas
From Sea to Can: 2018 Southeast Asia Canned Tuna Ranking Report
IKEA Adds Delicious Salmon Balls to the Popular (M)eatball Range
Sedna Technologies Selected for 2018 Accelerate and Start-Up Yard Programs
Woolworths Partners with WWF for a More Sustainable Future
Responsibly Farm-Raised Salmon
Atlantic Natural Foods Introduces TUNO™
The Kampachi Company Receives Investment from Sustainable Ocean Fund
Freshwater Crayfish Eco-Farm
NaturalShrimp Announces Final Tests on its Indoor All-Natural Patented System to Grow Top-Grade Shrimp Without Toxic Chemicals
Mintec's New Commodity Procurement Platform Set to Transform Negotiations Between Buyers and Sellers
Actemsa Achieves Certification for Sustainable Tuna Sourcing
New Good Fish Finger Guide Launched
GSSI Welomes Nordic Seafood as a Funding Partner
Thai Union Group, Chicken of the Sea® and Monterey Bay Aquarium Launch SeaChange® IGNITE
Saaremere Kala AS Submits Application to Establish Offshore Fish Farming Complex
FoS and Varuna Marine Services to Boost Sustainable Shipping Globally
The Salmon ShowHow Gears Up for Smarter Processing
BigFish Launches New Delicious Fish Cakes
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
SFP releases 2018 shelf-stable tuna sector report
Worldwide Nearly half of the world’s shelf-stable tuna products are already being sourced in a sustainable or improving manner, with the potential for much more than that, according to the latest sector report from Sustainable Fisheries Partnership.
Jealsa becomes a new IPNLF member
Spain Galicia’s Jealsa Rianxeira Group has become the latest Member of the International Pole & Line Foundation.
SONAPESCA files suit against SUBPESCA for fishery auctions
Chile The National Fishing Society filed a new lawsuit with the Free Competition Court against the tenders of six fisheries initiated by the Undersecretariat of Fisheries and Aquaculture in November.
WWF urges EU Member states to meet CFP deadlines
European Union The conservation organisation WWF indicates that Member States are still lagging behind and are likely to miss important 2020 deadlines on biodiversity conservation and sustainable fisheries management.
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation
Marona S.A.
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2018 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER