The Scottish Salmon Company PLC Announces Earnings and Operating Results for the First Quarter of 2017; Provides Operating Guidance for the Fiscal 2017
The Scottish Salmon Company PLC announced earnings and operating results for the first quarter of 2017. For the quarter, the company reported net operating revenue was £35.1 million against £29.105 million a year ago. Increased revenue has been driven by further development of the export market, increased contract prices with a focus on customer partnerships together with consistently higher market prices. EBITDA was £11.460 million against £4.213 million a year ago. EBIT before fair value adjustments was £9.496 million against £2.039 million a year ago. NIBD was £43.711 million against £40.797 million a year ago. Earnings driven by high prices and operational improvements
For the 2017 first quarter, the company reported harvested volumes of 5,685 tonnes against 6,741 tonnes a year ago.
The company expects to harvest about 25,000 tonnes in 2017.