Pescanova: Interim financial information first quarter 2010

The Pescanova Group net profit was 5.1% higher than in the same period last year reaching €8.0 million, reports http://www.megafishnet.com/ with reference to Pescanova.

Results for the first quarter confirm the trend of the last financial years with the materialization of the strategic investments undertaken.

EBITDA for the first three months of the year has grown more than 11.6% to reach €31.1 million as a result of the effect of the investment undertaken over the last years in the Shrimp and Salmon Farming Divisions as well as in specific Marketing/Trading Divisions.

The Parent Company reported turnover for the period of more than €104 million, and a pre-tax profit of €1.3 million 9% higher than in the same period last year.