SECOND QUARTER AND FIRST HALF 2009 FINANCIAL RESULTS
(Thomson Reuters ONE) - In the first half of the year, COPEINCA ASA achieved an EBITDA of USD27 million on revenues of USD 102.9 million, 23% lower than in H1'08when it reached USD 35 million on revenues of USD 135.3 million.Volume sold during the first half of the year was 120,085 MT comparedto 135,534 MT in 2008. Higher volumes where sold in H1'08 due tosales from acquired inventories.Revenue per ton was USD 857 in H1'09, down 14.21% from USD 999 inH1'08.Operating profit was USD 10.5 million in the first half of 2009compared to the operating profit of USD 19.1 million for the sameperiod in 2008.Cost of goods sold (COGS) as of H1'09 was USD 73 million (USD 608/MT)down from USD 90.4 million (USD 667/MT) in the corresponding periodof 2008 due to changes in raw material cost, ban period expenses andother expenses.In the second quarter 2009, COPEINCA ASA achieved an EBITDA of USD21.4 million on revenues of USD 61.2 million. The correspondingfigures for 2008 were USD 26.3 million and USD 67.3 million,respectively. Revenue per ton was USD 888 during the second quarter2009 and USD 1,100 in the same period in 2008.COPEINCA finished its first fishing season with ITQ, and it processed15.44% of the quota (3,420,000 MT) under the new system. During theseason COPEINCA produced 120,000 MT of fishmeal and 30,500 MT of fishoil (5.81% yield).For further information, please contact:CEO Samuel Dyer, sdyerc(at)copeinca.com.peCFO Eduardo Castro-Mendivil, ecastromendi(at)copeinca.com.peTel. (511) 213-4000About Copeinca ASACopeinca ASA is one of the largest fishmeal and fish oil producers inPeru. The Company produces its fishmeal and fish oil from anchovyharvested off the coast of Peru, and most of its production isexported. Key countries for export are China, Japan, Germany, Canada,Chile and Denmark. Typical customers are fish and animal feedproducers as well as refineries for omega-3 products. Copeinca ASAruns its operations out of Lima and has its own fleet. Copeinca ASAoperates 6 plants located in strategic locations all around thePeruvian coast line. The company has around 2,000 part and full timeemployees.Please visit www.copeinca.comhttp://hugin.info/137275/R/1338133/319169.pdfhttp://hugin.info/137275/R/1338133/319170.pdfhttp://hugin.info/137275/R/1338133/319171.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 31.08.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 5259
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