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Scottish Salmon Company PLC (SSCOM.OL)

SSCOM.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Scottish Salmon Company Q2 operating profit up at 4.9 pounds
Wednesday, 24 Aug 2016 

Scottish Salmon Company Plc : Q2 tonnes harvested were 6,382 versus 8,199 tonnes year ago . Q2 net operating revenues 28.5 million pounds ($37.54 million) versus 31.2 million pounds year ago . Q2 operating profit 4.9 million pounds versus 4.3 million pounds year ago . Says work is progressing well on new site at Maragay Mor at Benbecula which will be stocked in Q3, this will produce an additional 2,000 tonnes of harvested volume . Has adjusted annual target for financial year to around 26,000 tonnes as result of lower than expected harvest volumes in year to date due to biological issues and impact of losses at site in Hebrides .Is also reviewing strategy in relation to 2017 in response to losses at site in Hebrides.  Full Article

Scottish Salmon Company: Refinancing of banking facilities
Friday, 3 Jun 2016 

Scottish Salmon Company Plc : Says the company's unit, Scottish Salmon Company Limited, has refinanced its banking facilities with secured 55 million pound ($79.82 million) multicurrency facility with Bank of Scotland .Refinancing package consists of term loans of 25 million ponds, amortising over a five year period and asset-based lending facilities of 30 million pound, available over a five year term.  Full Article

Scottish Salmon Company Q1 EBITDA down at GBP 4.2 million
Friday, 27 May 2016 

Scottish Salmon Company Plc : Q1 EBITDA 4.2 million pounds ($6.16 million) versus 6.6 million pounds year ago . Q1 revenue 29.1 million pounds versus 27.3 million pounds year ago . Q1 harvested volumes 6,741 tonnes versus 6,261 tonnes year ago .The group expects to increase its harvest capacity to 35,000 tonnes per annum in 2018.  Full Article

Salmon price rose to NOK 69.92 per kilo last week -Nasdaq Salmon Index

OSLO, March 13 The spot price for farmed salmon rose by 3.53 Norwegian crowns to an average of 69.92 Norwegian crowns ($9.03) per kilo last week, according to statistics from the Nasdaq Salmon Index.