Marine Harvest makes €177m in last quarter of 2017
The world's biggest salmon farmer, Marine Harvest, made an operating profit of €177 million in the final quarter of 2017, down from €259m in Q4 2016.
The company's total Q4 harvest volume worldwide was 113,000 tonnes (gutted weight equivalents), slightly above the 111,000 tonnes it had predicted for the period, it said in a trading update.
The 4,000 tonnes of salmon from the Faroe Islands was most profitable, with an EBIT per kg of €3, closely followed by the 2,500 tonnes harvested by Marine Harvest Ireland, which had an EBIT of €2.75 per kg.
Marine Harvest Scotland harvested 13,000 tonnes with an EBIT of €1.20 per kg, and the 66,500 tonnes harvested in Norway made a profit of €1.75 per kg.
The 17,000 tonnes harvested in Chile and the 10,000 tonnes from Canada were least profitable, with an EBIT of €1 per kg.
The complete Q4 2017 report will be released on February 14.
