On Wednesday evening, the land farming company Nordic Aqua Partners announced that it has received a short-term credit facility from DNB of 5.8 million euros, approximately NOK 68 million at today’s exchange rate.
According to the report, the credit facility has a term of up to four months, and is expected to provide the breeder with the “necessary liquidity to support day-to-day operations” as well as the company’s growth plans.
The land-based breeder, with facilities in Gaotang in China, also indicated that the credit facility will help after challenges related to the off-flavor fertilizer “geosmin” which affected production in July , and which may affect the size of the kill. in the fourth quarter.
The credit facility also plans to support the development until the company raises NOK 250 million in an issue later this year.
The first kill
In the second quarter, Nordic Aqua Partners made its first kill at the facilities in China. The company’s total harvest volume was 523 tonnes of “head-on-gutted” (HOG) salmon, with first harvest measurements in April of 43 tonnes, in May of 134 tonnes and 345 tonnes in June.
99 percent of the harvest was classified as “higher quality salmon”, ie of the highest quality. The highest value of the BO sector was 8.94 Euro.
The turnover in the second quarter landed at 4.7 million euros, while they suffered a loss of 1.7 million euros.
After finding a geomine in July, they have to change the harvesting plans for the second half of the year.
The share was trading at 96.50 before the market opened on Wednesday, up 63 percent for the year, after falling from NOK 174 a year. department at the end of May.
2024-08-29 06:09:49
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