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MH Suffers From Weak Markets

NORWAY - Despite weak markets, prices achieved for Marine Harvest Norway and Scotland were strong thanks to favourable contracts.

Presenting the results for the third quarter later this month, provisional data shows that Marine Harvest guided a total harvest volume of 79,000 tonnes for Q3 2011.

Operational EBIT was down compared to last year, despite strong prices from Norway and Scotland.

The group says operational EBIT was impacted by exceptional items of NOK 56 million - it is expected more will be explained when full results are released at the end of the month.

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