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Pan Fish pretax profits surge

NORWAY - The world&#39;s largest fish farming firm, Norway&#39;s Pan Fish (PAN.OL: Quote, Profile, Research), reported a sharp rise in second-quarter pretax profits on Wednesday and said it expected strong results for the second half, lifting its shares.</b> <br><br> Pretax profit matched analysts&#39; average expectation, rising to 215 million Norwegian crowns ($34 million) from a restated 4 million a year earlier. <br><br> Analysts in a Reuters survey had on average forecast the figure at 215 million crowns, with estimates ranging from 173 million to 246 million crowns. <br><br> Pan Fish ASA shares jumped as much as 4.6 percent to 6.12 crowns before easing back to 5.97 crowns -- still up 2.1 percent -- by 0710 GMT, outpacing a 0.5 percent rise in the Oslo bourse benchmark index <.OSEBX>. <br><br> <i>Source: Reuters</i>

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