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Marine Harvest ASA (MHG)

  • Apr. 14, 2014, 9:29 AM
    • 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.
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Company Description
Marine Harvest ASA is a seafood company. The Company, along with its subsidiaries, provides farmed salmon and processed seafood to its customers. It is organized into three business areas; Feed, Farming, Sales and Marketing.
Industry: Meat Products
Country: Norway