February 21, 2017 / 6:14 AM / 9 months ago

BRIEF-Austevoll Seafood operating profit below forecast, cuts dividend

Feb 21 (Reuters) - Austevoll Seafood Asa

* q4 revenues NOK 5,330 million (Reuters poll NOK 5.39 billion)

* q4 ebit before value adjustment for biomasss NOK 931 million (Reuters poll NOK 1.14 billion)

* q4 pretax profit NOK 2,658 million (Reuters poll NOK 1.17 billion)

* Fair value adjustment of biomass totalled NOK 1,634 million in q4 2016

* Net write-downs in Q4 2016 were NOK 128 million

* proposes dividend of NOK 2.50 per share for 2016, down from NOK 7 per share (Reuters poll NOK 4.21)

* says strategy going forward is to continue to grow and further develop within its current operating segments

* says strong position within the global seafood industry gives grounds for a positive outlook for the group’s future development Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)

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