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Nordic Halibut AS ( (DE:9K1) ) has shared an announcement.
Nordic Halibut AS reported a 21% increase in biological asset production at sea for Q4 2024, with a total revenue of NOK 31.7 million, marking a 24% year-over-year growth. Despite a net income loss of NOK 24.1 million for the period, the company remains on track to meet its long-term production targets, indicating a strategic focus on scaling operations and increasing market presence.
More about Nordic Halibut AS
Nordic Halibut is a leading farmer of Atlantic halibut based in Western Norway, with headquarters in Averøy, Nordmøre. The company operates a fully integrated value chain from genetics to sales and has achieved significant progress in early phase production. It aims to expand production volumes with targets of 4,500 tonnes HOG by 2027 and 10,350 tonnes HOG by 2031, focusing on organic growth to enhance shareholder value.
YTD Price Performance: -9.44%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €91.29M
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