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    Home > Food News > Food Articles > Atlantic Sapphire salmon production decreased and losses narrowed

    Atlantic Sapphire salmon production decreased and losses narrowed

    • Last Update: 2022-09-06
    • Source: Internet
    • Author: User
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    salmon
     
    According to AS's interim report released on August 26, the company achieved revenue of $9.
    68 million in the first half of the year, down 11% year-on-year, and adjusted EBIT loss of $14.
    47 million, a significant improvement
    from the same period last year (loss of $51.
    54 million).
     
    In the first half of the year, AS harvested 1,217 tonnes of salmon, down from 1,275 tonnes
    in the same period last year.
    The company believes that at this stage, its Florida land-based factory in the United States has "stable breeding conditions", biomass will continue to grow steadily, and the utilization rate of breeding facilities will gradually increase
    .
     
    "Salmon in the U.
    S.
    facility will be introduced in mid-2020 at this stage, which is better than the culture conditions of the first stubble,"
    AS said.
    In addition, the price of the 3kg+ specification products launched by the company continues to improve, and it will continue to focus on brand development and enhance brand awareness and recognition
    .
     
    Earlier this year, AS signed a new $25 million line
    of credit with Norges Bank (DNB).
    According to the development process of the company's RAS project, the first phase of the 10,000-ton production capacity facility has been completed, the second phase of the 25,000-ton facility has entered the expansion stage, and the final goal in 2031 will be to achieve an annual production capacity
    of 220,000 tons.
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