Blue Island Plc Announces Unaudited Consolidated Earnings Results for Six Months Ended June 30, 2016
September 21, 2016 at 08:02 pm
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Blue Island Plc announced unaudited consolidated earnings results for six months ended June 30, 2016. For the period, the company reported revenue of €9,526,722, operating profit of €700,417, profit before tax of €655,346, profit for the period attributable to owners of €571,955 or 3.70 cents per basic share compared to the revenue of €9,387,217, operating profit of €350,835, profit before tax of €287,406, profit for the period attributable to owners of €202,925 or 1.31 cents per basic share for the same period a year ago.
Blue Island Plc is a Cyprus-based company engaged in the breeding and trading of fish. Its activities include fry breeding, through its subsidiary, Blue Fisheries Ltd; Mediterranean type fish-farming; tuna and swordfish fishing, through its subsidiary, Niras Trawlers Ltd; fish processing, namely fish fillets, fish burgers, smoked fish and marinated fish, and trade of products, which are either produced by the Company or which are imported and is done both through the Companyâs retail shops, as well as through wholesale distribution. The Company has three production facilities: the Hatchery Unit, which specializes in fry breeding and is located in the Akrotiri area in Limassol; the Open-Sea Fish Farming Unit, which specializes in fish breeding in open sea cages and is located at the Governors coastal area in Limassol, and the Fish Processing Unit, which processes, packages and distributes both fresh and frozen fish and is located in Strovolos, Nicosia.
BLUE ISLAND PLC 
