Leading salmon producer reports surging harvest and sales
Russian Aquaculture PJSC (the “Company”), the largest Russian company in the commercial fish farming (aquaculture) sector, announces its unaudited consolidated IFRS financial results for the nine months ended 30 September 2021, reports Megafishnet.com.
According to the company’s official press release, Russian Aquaculture reports surging harvest and sales.
|
Jan-Sep 2020 |
Jan-Sep 2021 |
%% |
|
|
TOTAL |
|||
|
Commodity fish output, thousand metric tons, head-on gutted |
10.1 |
18.0 |
78% |
|
Sales volume*, thousand metric tons |
10.3 |
18.0 |
75% |
|
Sales revenue, mln RUB |
5,616 |
9,684 |
72% |
|
Murmansk |
|||
|
Commodity fish output, thousand metric tons, head-on gutted |
9.5 |
17.0 |
78% |
|
Sales volume*, thousand metric tons |
9.6 |
17.0 |
76% |
|
Sales revenue, mln RUB |
5,368 |
9,138 |
70% |
|
Karelia |
|||
|
Commodity fish output, thousand metric tons, head-on gutted |
0.6 |
1.0 |
73% |
|
Sales volume*, thousand metric tons |
0.7 |
1.1 |
61% |
|
Sales revenue, mln RUB |
248 |
546 |
120% |
Note: * this sales volume covers only sales of fish and roe
Key financial results in 9mths 2021
Commodity fish output in January-September 2021 amounted to 18,000 metric tons (gutted weight), or 78% up year-on-year.
Sales volume jumped by 75% year-on-year and amounted to 18,000 metric tons of commodity products including fish and roe.
Consolidated revenue increased by 72% year-on-year to RUB 9.7 billion. This is mostly attributed to the rise of the sales volume by 75%.
ABOUT RUSSIAN AQUACULTURE
Russian Aquaculture is one of the leaders in the production of Atlantic salmon and trout in Russia.
The Company’s core business areas are:
- commercial Atlantic salmon farming in the Barents Sea in the Murmansk region
- commercial trout farming in the lakes of the Republic of Karelia
Russian Aquaculture’s core strategic focus is on developing its aquaculture business. The Company currently owns cultivation rights for 39 sites for farming salmon and rainbow trout. The total potential production volume for these sites is around 50,000 tonnes of salmonids.
The Company’s long-term development strategy involves the creation of the largest vertically integrated player in the aquaculture market, including the production of feed and stocking material, primary processing, and distribution of the Company’s own products.