The second quarter of this year was very eventful for Andfjord Salmon, highlighted by the first smolt release and a significant strengthening of the company’s balance sheet. Today, the fish thrives in the pool and its survival rate currently stands at 99.4%.
“We are located in the house of the
Andfjord Salmon aims for first harvest in mid-2023.
The first pool is just the beginning on the Andfjord Salmon site in Kvalnes. The next pools, the ones closest to the first pool, were excavated in the second quarter. Excavation work will continue in the coming months. Andfjord Salmon has a license to produce 10,000 tons of MAB salmon at Kvalnes, corresponding to a target production of 19,000 tons of HOG.
Andfjord Salmon also made solid progress in business development in the second quarter. In June, Andøy City Council approved Andfjord Salmon’s zoning application for the development of an onshore fish farming facility in Breivik, Andøya.
At Breivik, Andfjord Salmon plans to develop and build a land-based fish farming facility with a production volume of 25,000 tons of HOG.
“Our primary focus is obviously on Kvalnes, but at the same time we will continue our work to obtain the necessary permits for the development of Breivik and Fiskenes,” says
STRENGTHENED FINANCIAL POSITION
During the second quarter, Andfjord Salmon significantly strengthened its financial position. In June Jeronimo Martins, a
At the end of
Q2 2022 INTERIM FINANCIAL RESULTS
Andfjord Salmon is currently developing its first salmon farming facility on land, meaning the company is not yet generating any revenue. The company’s first operating income will be generated in 2023 after the first harvest.
The company had an operating loss of
A presentation of the operating status and the interim financial results for the second quarter and half of 2022 will be held at:
Disclosure of regulations
This is information that
Bjarne MartinsenFINANCIAL DIRECTOR, Andfjord Salmon AS+47 975 08 345, firstname.lastname@example.org Martin RasmussenDIRECTOR, Andfjord Salmon AS+47 975 08 665, email@example.com
About Andfjord Salmon
Located in Kvalnes on the island of Andøya in the Arctic Archipelago of Vesterålen,
- Andfjord Salmon Half Year Report.pdf
- Andfjord_Q2_H1 2022_presentation.pdf
© NTB Norway, source