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BRIEF-Russian Aquaculture H1 net result turns to profit of RUB 57.7 mln
September 6, 2017 / 7:14 AM / 2 months ago

BRIEF-Russian Aquaculture H1 net result turns to profit of RUB 57.7 mln

Sept 6 (Reuters) - RUSSIAN AQUACULTURE

* H1 PROFIT FOR PERIOD OF RUB ‍​ 57.7 MILLION VERSUS RUB 202.1 MILLION YEAR AGO

* H1 PROFIT FOR PERIOD FROM CONTINUING OPERATIONS OF RUB ‍​ 57.7 MILLION VERSUS LOSS OF RUB 88.0 MILLION YEAR AGO

* H1 OPERATING EBITDA RUB 1.52 BILLION VERSUS LOSS OF RUB 55 MILLION YEAR AGO

* AS OF JUNE 30, NET DEBT AMOUNTED TO RUB 1.25 BILLION, COMPARED TO RUB 3.17 BILLION AS OF DEC. 31, 2016

* SAYS PURCHASE PRICE OF A SMOLT PLANT IN NORWAY, VILLA SMOLT AS, WAS NOK 16.6 MILLION (RUB 117 MILLION)

* "BY THE END OF 2017 WE PLAN TO BEGIN HARVESTING AND SALE OF COMMERCIAL FISH FROM THE SEGOZERO FARMS, WHICH SHOULD ENABLE US TO ACHIEVE OUR REVENUE AND OPERATING PROFIT TARGETS FOR 2017" - CEO Source text - bit.ly/2gFxNgf Further company coverage: (Gdynia Newsroom)

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