Marine Harvest reports leap in Q1 operating results

|About: Marine Harvest ASA (MHG)|By:, SA News Editor

Marine Harvest (MHG+3.4% premarket after reporting Q1 operating results it says were the best in its eight-year history, following a larger than expected harvest and rising prices for salmon and other fish.

MHG earned an operating profit of 1.08B Norwegian kroner ($181M) in the quarter, more than double 482M kroner in the year-ago period and beating analyst expectations; volume was lower, but strong pricing, due partly to constrained supply, lifted results.

MHG is scheduled to report Q1 earnings April 30.