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Record revenue but lower earnings for Lerøy in Q3

Record revenue but lower earnings for Lerøy in Q3

Third quarter revenue for Lerøy was up 33% on the same period last year and operating profit increased by 56%.

Lower profit but higher margin for Scottish Sea Farms in 2020

Lower profit but higher margin for Scottish Sea Farms in 2020

Scottish Sea Farms managed to increase its profit margin from 15% to 16% in 2020 despite turnover dropping by almost £22.6 million to £139m during the Covid-affected year.

Shetland costs lower Q2 EBIT/kg for Scottish Sea Farms

Shetland costs lower Q2 EBIT/kg for Scottish Sea Farms

Higher costs for fish grown in Shetland reduced Scottish Sea Farms’ year-on-year EBIT per kilo in the second quarter of this year, despite a record Q2 harvest volume and a pre-tax profit of NOK 135* (£11.2m), co-owner SalMar said today.

Bigger harvest pushes SSF’s Q2 earnings up by a third

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.

Salmon price-fixing case heads back to court

Salmon price-fixing case heads back to court

The latest chapter in a tale of alleged price fixing that began with raids on the Scottish offices of Norwegian salmon farmers more than two years ago was due to be written in a courtroom in the United States today.

Mowi’s new production director settling into Scotland

Mowi’s new production director settling into Scotland

Roar Paulsen started a new job as Mowi Scotland’s production director on May 1 and says he has had an exciting and challenging first month.

Fish farmers appeal against ‘traffic light’ judgment

Fish farmers appeal against ‘traffic light’ judgment

Norwegian salmon farmers who lost a court bid to overturn a cut in their production allowance have lodged an appeal against the decision.

Salmon farmers may appeal traffic light trial defeat

Salmon farmers may appeal traffic light trial defeat

Twenty-five salmonid farming companies who lost a court challenge against the Norwegian government’s “traffic light” designation for the area they farm in are considering an appeal.

Norway ‘traffic light’ verdict due in mid-March

Norway ‘traffic light’ verdict due in mid-March

A verdict in the case between the Norwegian state and a group of salmonid farmers challenging an order to reduce production will be delivered on or around March 17.

Scottish Sea Farms increases Q4 earnings by 55%

Scottish Sea Farms increases Q4 earnings by 55%

Scottish Sea Farms made an operating profit of around NOK 76 million (£6.43m) before biomass adjustment in the fourth quarter of 2020, an increase of 55% compared to the NOK 49m earned in the same period in 2019.

Norway: Fish farmers go to court to fight biomass cut

Norway: Fish farmers go to court to fight biomass cut

Salmon and trout farmers in one of Norway’s “traffic light” aquaculture areas have begun a legal fight against an order to reduce fish production.

Semi-closed containment better for post-smolt salmon, study shows

Semi-closed containment better for post-smolt salmon, study shows

Post-smolt salmon in semi-closed containment systems (SCCS) grew far better than those in open net pens, a study has shown.

Fish health is the real dividend for salmon farmer

Fish health is the real dividend for salmon farmer

Scottish Sea Farms’ owners chose to use profits for growth and fish health instead of taking dividends in 2020, the company’s newly published 2019 annual report shows.

Lerøy harvest figures up for Q4 and whole of 2020

Lerøy harvest figures up for Q4 and whole of 2020

Norwegian salmon and trout farmer Lerøy Seafood harvested both more in the fourth quarter of 2020, and in total for the year, compared with 2019.

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