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ผู้เขียน หัวข้อ: Pescanova reports a 5.1 per cent hike in Q1 profits  (อ่าน 2251 ครั้ง)
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« เมื่อ: พฤษภาคม 18, 2010, 07:33:52 AM »


Pescanova attributed its higher earnings to 'strategic' investments. (Pescanova/ FIS

Pescanova reports a 5.1 per cent hike in Q1 profits

SPAIN
Tuesday, May 18, 2010, 02:30 (GMT + 9)



The Spanish multinational Pescanova earned EUR 8.03 million between January and March 2010, 5.1 per cent more than in the same period of the previous fiscal year.

Meanwhile, the earnings before interest, taxes, depreciation, and amortization (EBITDA) was set at EUR 31.08 million, a figure 11.6 per cent higher than in the first three months of 2009, the company reported to the National Securities and Exchange Commission (CNMV).

According to Pescanova, this increase reflects "the impact of investments made in the last few years in the areas of shrimp and salmon farming", and in their commercial divisions.

The turnover of the Group rose 6.1 per cent, to EUR 311.32 million.

Pescanova pointed out that its sales reached more than EUR 104 million last March, with earnings before taxes of EUR 1.3 million, that is, 9 per cent more than in Q1 2009.

The workforce of the flagship company added 129 people, whereas the group totalled 9,736 workers at the end of the quarter.

Finally, the company informed the issuing of a loan worth EUR 105 million, syndicated by 27 financial institutions.

This loan, which expires in five years, “will give sufficient leeway for the financial consolidation of the Group’s business plan,” the Spanish firm explained in EFE.

By Analia Murias
editorial@fis.com
www.fis.com


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