Blue Island Plc Announces Unaudited Interim Management Statement for the Period from January 1, 2013 to March 31, 2013; Provides Revenue and Production Guidance for the Full Year 2013
April 30, 2013 at 08:30 pm
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Blue Island Plc announced unaudited interim management statement for the period from January 1, 2013 to March 31, 2013. For the period, total consolidated sales were EUR 3,440,777 compared to EUR 4,070,407 during the respective 2012 period. There was a sales decrease of 12%.
For the full year 2013, the company expects that as things stand now, the consolidated sales for the entire 2013 compared to the consolidated sales of 2012 will be approximately 15% less. Volume of production for 2013 is anticipated to be less compared to 2012 at all levels: hatchery, farming, processing and wild catch.
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 Announces Unaudited Interim Management Statement for the Period from January 1, 2013 to March 31, 2013; Provides Revenue and Production Guidance for the Full Year 2013
BLUE ISLAND PLC 