COPEINCA ASA PRESENTS FIRST QUARTER 2013 FINANCIAL RESULTS
(Thomson Reuters ONE) -
Fishmeal and fish oil stocks at January 1(st) 2013 were 7,848 MT, compared to
76,829 MT as of January 1(st) 2012.
During the first quarter of 2013, average revenue per ton was USD 1,957/MT up
from USD 1,274/MT in the same period of 2012.
Revenues for the first quarter of 2013 were USD 36 million (18,429 MT) down from
USD 99 million (77,734 MT) in the first quarter of 2012 due to lower inventory
levels of fishmeal and fish oil from the second fishing season of the prior year
as a result of significantly reduced volumes.
5,942 MT of mackerel and jack mackerel were caught during the first quarter of
2013, generating revenues amounting to USD 3 million, representing approximately
12% of the quota allocated by Peruvian authorities.
CAPEX approved was USD 14 million, out of which USD 4.4 million were executed
during Q1'13.
On January 2013, Copeinca S.A.C. reopened its USD 175 million 9% senior notes
due in 2017 raising gross proceeds of USD 75 million, which are guaranteed by
Copeinca ASA. The issue of these notes corresponded to a single issue of, the
USD 175 million 9% senior notes due 2017. The total aggregate principal amount
of the 9.00% senior notes due in 2017 outstanding following such reopening
amounts to USD 250 million. The net proceeds from the additional bond issue were
used to repay lease obligations, to fund capital expenditures and for general
corporate purposes.
For further information, please contact:
CEO Pablo Trapunsky, ptrapunsky(at)copeinca.com.pe
CFO Angel Chiri, achiri(at)copeinca.com.pe
Tel. (511) 213-4000
About Copeinca ASA
Copeinca ASA is one of the largest fishmeal and fish oil producers in Peru. The
Company produces its fishmeal and fish oil from anchovy harvested off the coast
of Peru, and most of its production is exported. Key countries for export are
China, Japan, Germany, Canada, Chile and Denmark. Typical customers are fish
and animal feed producers as well as refineries for omega-3 products. Copeinca
ASA runs its operations out of Lima and has its own fleet. Copeinca ASA
operates 5 plants located in strategic locations all around the Peruvian coast
line. The company has around 1,400 part and full time employees.
Please visit www.copeinca.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Q1 2013 Report:
http://hugin.info/137275/R/1702439/562557.pdf
Q1 2013 Presentation:
http://hugin.info/137275/R/1702439/562558.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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.
Source: Copeinca via Thomson Reuters ONE
[HUG#1702439]
Unternehmensinformation / Kurzprofil:
Datum: 16.05.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 260725
Anzahl Zeichen: 3389
contact information:
Town:
Lima 13
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 85 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"COPEINCA ASA PRESENTS FIRST QUARTER 2013 FINANCIAL RESULTS"
steht unter der journalistisch-redaktionellen Verantwortung von
Copeinca (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
