Impairment of operation in Belize

Impairment of operation in Belize

ID: 22866

(Thomson Reuters ONE) -


Marine Farms ASA`s operation in Belize continues to generate negative results,
mainly due to the delays in the production of juveniles. Significant capital has
been invested in the development of this business and a preliminary assessment
indicates impairment of approximately NOK 35 million in the consolidated
accounts Q2 2010.


Marine Farms ASA is currently reviewing a number of options, including the
possibilities of selling its business in Belize.

For further information, please contact Bjørn Myrseth or Pål Angell-Hansen:
Tel: +47 55 90 44 70
e-mail:bjorn.myrseth(at)marinefarms.no or pal.angell-hansen(at)marinefarms.no
Web:www.marinefarms.com

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1426353]








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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
All reproduction for further distribution is prohibited.

Source: Marine Farms ASA via Thomson Reuters ONE




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Bereitgestellt von Benutzer: hugin
Datum: 23.06.2010 - 07:31 Uhr
Sprache: Deutsch
News-ID 22866
Anzahl Zeichen: 0

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"Impairment of operation in Belize"
steht unter der journalistisch-redaktionellen Verantwortung von

Marine Farms ASA (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Q3 2009 results ...

Marine Farms increased its revenue by 20% in Q3 2009 compared to the same period in 2008. EBIT ended at NOK 5 mill compared to NOK 28 mill previous year. For the first nine months of 2009, revenue increased almost 22%, while EBIT improved by NOK 34 m ...

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