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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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  • Jun. 5, 2013, 5:15 PM
    Shipping magnate John Fredriksen expects the tanker market to remain depressed for at least two more years, but is more optimistic about the outlook for other arms of his shipping empire. The rig market looks strong for another three to five years, he says, which bodes well for Seadrill (SDRL), which has an aggressive growth strategy with 19 new rigs incoming.
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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