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Strong Results For Cermaq

NORWAY - Cermaq has delivered strong results for the first quarter of 2010. The company put this down to high salmon prices, good biological results in Norway and a robust improvement in operations in Chile.

Delivering an EBIT of NOK 122 million for the first quarter of 2010, compared to a loss of NOK 65 million in the first quarter of 2009, things are looking up for Cermaq.

"The results for the first quarter 2010 are over all in line with expectations and what we have communicated earlier. High salmon prices are certainly a positive element, but equally important for this result is our long term planning for Norway and Chile," said CEO Geir Isaksen.

the Fish Site Editor

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