Refinancing and record haul at Harbour Salmon Company owner Marine Harvest
ByThe Courier Reporter
Good haul: Marine Harvest group has posted its highest ever quarterly earnings, and announced a new five-year £366m revolving credit facility.
The Norwegian owner of Fife-based Harbour Salmon Company yesterday completed a major refinancing as it revealed record quarterly earnings.
Bergen and Oslo-based Marine Harvest group saw revenues in the second quarter of the year top £112 million.
This represents a significant uplift from the £84m of sales recorded in the same period last year, and the highest quarterly earnings ever posted by the company.
The company which employs more than 10,000 staff and is the largest single producer of Atlantic salmon harvested an above-expectations total of 114,000 tonnes of fish in the three-month period.
Scottish-derived operations contributed some 16,000 tonnes.
The company, which uses its operational base at Rosyth’s Admiralty Park to process and pack fish sourced from its Scottish farms, yesterday also revealed a new five-year £366m revolving credit facility with its existing consortium of lenders.
The agreement also has provision for the same amount of funding again to be made available to MHG if all parties agree.
Refinancing and record haul at Harbour Salmon Company owner Marine Harvest
