Russia’s leading Atlantic salmon producer announced operating results for the first half of 2021

July 25, 2021 23:56

PJSC Russian Aquaculture, the largest Russian company in the commercial fish farming (aquaculture) sector, has published the data of unaudited management reports for the first half of 2021, reports Megafishnet.com.

According to the company, during the period it was able to obtain the results as in the table below.

Indicator

2020

First half

2021

First half

2021 /

2020

Total

Commercial fish catch, thousand metric tons, Head-on gutted

9,9

12,8

+30%

Sales volume**, thousand tons

9,6

13,0

+35%

Revenue, million rubles.

5 255

6 723

+28%

Murmansk

Commercial fish catch, thousand metric tons, Head-on gutted

9,3

11,8

+27%

Sales volume**, thousand tons

9,0

11,9

+33%

Revenue, million rubles.

5 018

6 197

+23%

Karelia

Commercial fish catch, thousand metric tons, Head-on gutted

0,6

1,0

+73%

Sales volume**, thousand tons

0,6

1,1

+64%

Revenue, million rubles.

237

526

+122%

**Only sales of fish and roe are taken into account

Key operating results

• The volume of commercial fish caught in the first half of 2021 amounted to 12.8 thousand tons of head-on gutted fish, which is 30% higher than in the first half of 2020.

* Sales volume in 2021 increased by 35% compared to the first half of 2020 and amounted to 13 thousand tons of finished products, including fish and roe.

* The Company's consolidated revenue for the first half of 2021 increased by 28% compared to the first half of 2020 and amounted to RUB 6.723 billion (ca. $ 91 million). The main factor of revenue growth is a 35% increase in sales volume.

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