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Grieg Seafood ASA ( (GRGSF) ) just unveiled an update.
The Financial Supervisory Authority of Norway has reviewed Grieg Seafood’s accounting practices regarding site closure costs and biomass fair value calculations. The company will recognize a removal obligation for site closures, impacting its liabilities and assets slightly, but expects minimal effect on key figures. Additionally, Grieg Seafood will provide more detailed reporting on the quality distribution of salmon in its annual report to enhance transparency.
More about Grieg Seafood ASA
Grieg Seafood ASA is one of the world’s leading salmon farmers, operating in Norway and Canada, with a focus on sustainable farming practices to ensure low environmental impact and excellent fish welfare. The company is headquartered in Bergen, Norway, and has been listed on the Oslo Stock Exchange since June 2007.
YTD Price Performance: 15.38%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $700.2M
Find detailed analytics on GRGSF stock on TipRanks’ Stock Analysis page.
