Negative financial effects due to salmon lice attack on Shetland

Negative financial effects due to salmon lice attack on Shetland

ID: 6269

(Thomson Reuters ONE) - Lakeland, a 100% owned subsidiary of Marine Farms ASA, has sufferedlosses at Hoganess Salmon, one of the company's salmon farms on thewest coast of Shetland. The losses are due to high mortality andreduced growth caused by salmon lice. The negative financial effectis estimated at GBP 2 mill in 2nd half 2009, divided more or lessequally between 3Q and 4Q. New estimates for harvest volumes in 2ndhalf of 2009 are 2,500 tonnes gwt in 3Q and 3,000 tonnes gwt in 4Q.Fish farmers on the west coast of Shetland will work close togetherto better coordinate the control of salmon lice in the area goingforward.Lakeland has been operating within the salmon farming industry in theUK since 1987, and specialises in vertically integrated production ofhigh quality Atlantic salmon, all the way from the broodfish throughegg, fry, parr, smolt and fully grown salmon to the sale of guttedsalmon and fresh fillets. The group has over the past many years beenamong the most profitable salmon producers in the UK. Lakeland has anannual production capacity averaging approximately 12,000 tonnes gwtsalmon. Read more about Lakeland on www.lakelandsmolt.co.ukOne a more positive note, Marine Farms's cobia hatchery in Belize hasstarted production and the first batch of 50,000 cobia juveniles hasbeen stocked in cages, a result which we are very pleased with (incomparison; production of cobia juveniles in 2009 from otherhatcheries in the Caribbean totals 80,000-100,000 juveniles). Theplan is to produce an additional 200,000 cobia juveniles before theend of the year. The hatchery in Belize will be the biggest producerof cobia juveniles in the Caribbean with an annual productioncapacity of more than 1 mill juveniles. Marine Farms Belize will bethe biggest vertical integrated producer of farmed cobia in theregion, with an annual licensed production capacity of around 5,000tonnes.For further information, please contact Bjørn Myrseth or PålAngell-Hansen:Tel: +47 55 90 44 70e-mail: bjorn.myrseth(at)marinefarms.no orpal.angell-hansen(at)marinefarms.noThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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Bereitgestellt von Benutzer: hugin
Datum: 28.09.2009 - 07:31 Uhr
Sprache: Deutsch
News-ID 6269
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"Negative financial effects due to salmon lice attack on Shetland"
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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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