SOLID PERFORMANCE IN A STRONG MARKET - EXTRAORDINARY DIVIDEND OF NOK 0.05 PER SHARE

Published: 03 November, 2010

Marine Harvest Group achieved an operational earnings before interest and taxes (EBIT) of NOK 759 million in the third quarter of 2010, compared to NOK 594 million in the corresponding quarter of 2009.

The operational EBIT margin increased from 16.5% to 21%. Earnings per share improved from NOK 0.18 to NOK 0.19.

While spot prices in Norway fell from the second to the third quarter, Marine Harvest Norway increased its achieved average price.

Based on the strong cash-flow in the quarter, the board has resolved to call an extra-ordinary general meeting in December where an extraordinary dividend of NOK 0.05 per share will be proposed.

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