Morpol acquires assets of Uyeasound Salmon Company

Morpol ASA (OSE: MORPOL) said after market close that Lakeland Unst Ltd a subsidiary of Meridian Salmon which is turn is Morpol’s subsidiary, has agreed to acquire the assets of Uyeasound Salmon Company for 3 million £. Lakeland’s salmon farm operation is located adjacent to Lakeland Unst’s operations on the island of Unst, in Shetland archipelago.

Uyeasound has five sites with a total of 2,297 tons and sells around 1000 tons of gutted weight salmon each year. Morpol is pleased that an agreement was finally reached. The company views the assets attractive with competent staff and very little sea lice present. It expects a positive contribution going forward.

Presentations at 7th North Atlantic Seafood Conference

7th North Atlantic Seafood Conference has been ongoing in Oslo from 6-8th of March. The event is the largest seafood conference in the world. Several companies have released their presentations held mainly in the pareto seafood finance and investor seminar portion of the event today. The companies are listed below with a link to the presentation if available:

Marine Harvest (OSE: MHG)
Lerøy Seafood (OSE: LSG)
Cermaq (OSE: CEQ)
Aker Seafoods (OSE: AKS)

Bakkafrost (OSE: BAKKA)
Sølvtrans(OSE: STRANS)
Salmar (OSE: SALM)
Austevoll Seafood (OSE: AUSS)

Norway Pelagic (OSE: NPEL)
Morpol (OSE: MORPOL)
Norway Royal Salmon (OSE: NRS)
Fish Pool

Akva Group (OSE: AKVA)
China Haikui
Grieg Seafood (OSE: GSF)
High Liner Foods (TSE: HLF)
The Scottish Salmon Company (OSE: SSC)

In company spesific news, Cermaq reported its quarterly earnings today. Fourth quarter operating revenues were almost 3.3 billion NOK (+3%) and EBIT pre fair value 300 million (-50%). Full year numbers were still at record levels of 11.6 and 1.3 billion. Reported EPS was 8.5 NOK and the board proposes a dividend of 4.63 NOK a share. Mainstream Norway unit has already committed a sizeable portion of its 2012 salmon harvest through Fish Pool at 27 NOK/kg FCA Oslo.