Nireus Group -a Greek-listed aquaculture company- said sales totaled 149.9 million euros in the January-September period this year, from 140.1 million in 2015, an increase of 7.0 pct. Exports, accounting for 80 pct of sales, totaled 120 million euros, up 5.4 pct from the previous year.
EBITDA rose 16.5 pct to 15.6 million euros, reflecting an increase in the quantity of sales and a decline in cost production.
Pre-tax earnings showed a loss of 3.9 million euros in the nine-month period, from a loss of 4.9 million last year, while after tax results showed a loss of 1.6 million euros, from a loss of 3.6 million the nine-month period in 2015.
Net debt pre-evaluation of new loans’ fair value was 164.7 million euros, down 6.6 million from last year.
The company’s equity capital was 87,384,628 euros, divided into 291,282,095 shares, with a nominal value of 0.30 euros each.
Antonis Chachlakis, CEO in Nereus said nine-month results were improved compared with 2015 levels and noted that the company has begun the implementation of a strategic plan to access new markets and to develop innovative products aiming to raise its market shares and its profitability.
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