Nordic Halibut AS Stays on Target Despite Q2 Challenges

Nordic Halibut AS (DE:9K1) has released an update.

Nordic Halibut AS reports a 17% growth in biological asset production and a harvest of 140 tonnes in Q2 2024, despite a slight reduction in average sales price due to selling smaller fish. The company experienced a 9.6% decrease in total revenue year-over-year, with an EBITDA of NOK -11.0 million and a net loss of NOK -23.6 million for the quarter. Nevertheless, Nordic Halibut remains on track to meet its long-term production goals, with a revised target to reach a harvest volume of 4,500 tonnes HOG by late H2 2026 and maintaining the 2031 target of 10,350 tonnes HOG.

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