Bigger harvest pushes SSF’s Q2 earnings up by a third
Salmon producer Scottish Sea Farms made an increased year-on-year operating profit of NOK 119 million (£9.72m) for the second quarter.
That’s an increase of NOK 30m over the same period last year, and was due to a much bigger harvest volume of 11,378 gutted weight tonnes (Q2 2020: 6,529 gwt). EBIT per kilo before biomass adjustment was NOK 10.5, lower than the NOK 13.7 made in the second quarter last year.
The figures are contained in the second quarter report from Lerøy, which shares ownership of SSF’s holding company, Norskott Havbruk, with fellow Norwegian salmon farmer SalMar.
36,000 gwt in 2021
SSF earned revenue of NOK 793m in Q2 this year, compared to NOK 465m in the same period in 2020.
The Stirling-based company, which recently agreed a deal to buy Grieg Seafood’s Scottish assets, expects to harvest 36,000 gwt for the full year.
