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Marine Harvest ASA Proposes Extraordinary Dividend; Issues 2013 and Raises 2014 Production Guidance

Wednesday, 21 Aug 2013 01:00am EDT 

Marine Harvest ASA announced that as a consequence of its second quarter results the Company is proposing an extraordinary dividend of NOK 0.05 per share. Also, the Company is ramping up production estimates with 55,000 tons in 2014, to 390,000 tons, says CEO Mr. Alf-Helge Aarskog. The Company expects to harvest a volume of 335,000 tons gutted weight in 2013, of which 80,000 tons are expected to be harvested in the third quarter. Marine Harvest ASA achieved an operational EBIT of NOK 901 million in the second quarter of 2013, compared to NOK 231 million in the corresponding quarter of 2012. Cash flow from operations was NOK 1 123 million (Q2 2012: 918 million). The Company reported operational revenues and other income of NOK 4 445 million (NOK 4 005 million) in the second quarter of 2013. Total harvest volumes were 79,438 tons in the quarter. 

Company Quote

-0.25 -0.28%
5:13am EDT