Revenues up for Codfarmers

The total harvested volume was 1 025 tons (r.w.) own production and 587 tons (r.w.) from external producers. Average sales price achived in the market was NOK 28.33 kg H&G, NOK 31.0 kg H&G inclusive contribution from liver. EBIT -17.7 MNOK vs -13.5 MNOK in Q2/10

The negative result was also affected by negative contribution of 6.8 MNOK from fish sold in the period due to lower market price and start up processing costs on STRØM ®, write-down of biomass of 3.5 MNOK, net result from subsidiaries of – 2.4 MNOK, depreciation of idle locations 1.5 MNOK and repurchase of 39% of convertible bonds.