Oslo-listed Grieg Seafood published its first quarter results on Friday, reporting a 38.7 percent drop in its earnings before interest and taxes (EBIT) due to significantly lower harvested volumes.
EBIT before fair value adjustment of biomass amounted to NOK 131 million (€14 million/$15.2 million) in the quarter, compared to NOK 214 million (€22.9 million/$24.9 million) in the comparable period last year.
The harvest volume was 8,552 metric tons, compared to 13,635 metric tons in the corresponding period last year, reflecting a 37 percent reduction.
Grieg
