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Last 26.30 NOK
Change Today -0.30 / -1.13%
Volume 40.5K
HFISK On Other Exchanges
Symbol
Exchange
As of 10:25 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

havfisk asa (HFISK) Snapshot

Open
26.50 NOK
Previous Close
26.60 NOK
Day High
26.50 NOK
Day Low
26.20 NOK
52 Week High
03/17/15 - 31.50 NOK
52 Week Low
04/29/14 - 10.50 NOK
Market Cap
2.2B
Average Volume 10 Days
115.5K
EPS TTM
0.65 NOK
Shares Outstanding
84.6M
EX-Date
04/4/11
P/E TM
40.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for HAVFISK ASA (HFISK)

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havfisk asa (HFISK) Details

Havfisk ASA, a fishing company, harvests and sells white fish in Norway and internationally. It primarily catches cod, haddock, and saithe. The company also offers halibut, redfish, and shrimps, as well as fresh and frozen fishes, and marine residual materials. It operates 11 trawlers with 29.6 quotas for cod and haddock; and 31.9 quotas for fishing saithe, as well as prawn fishing quotas. The company was formerly known as Aker Seafoods ASA and changed its name to Havfisk ASA in April 2013. The company was founded in 1994 and is headquartered in Ålesund, Norway. Havfisk ASA is a subsidiary of Aker ASA.

382 Employees
Last Reported Date: 07/17/14
Founded in 1994

havfisk asa (HFISK) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: 1.4M NOK
Chief Operating Officer
Total Annual Compensation: 1.2M NOK
Director of HR/HSEQ
Total Annual Compensation: 1.1M NOK
Sales Director
Total Annual Compensation: 820.0K NOK
Compensation as of Fiscal Year 2013.

havfisk asa (HFISK) Key Developments

Havfisk ASA Reports Group and Parent Company Earnings Results for the Year 2014

Havfisk ASA reported group and parent company earnings results for the year 2014. For the year, the group reported operating revenues of NOK 1.049 million against NOK 779 million a year ago. EBITDA was NOK 299 million against NOK 211 million a year ago. EBIT was NOK 169 million against NOK 106 million a year ago. Profit before tax was NOK 260 million against loss before tax of NOK 103 million a year ago. Net profit for the year was NOK 197 million against loss for the year of NOK 72 a year ago. Earnings per share was NOK 2.32 against loss per share of NOK 0.85 a year ago. For the year, the parent company reported operating revenues of NOK 46 million against NOK 34 million a year ago. Operating loss was NOK 13 million against NOK 3 million a year ago. Pretax profit was NOK 179 million against pretax loss of NOK 144 million a year ago. Net profit was NOK 137 million against net loss of NOK 105 million a year ago.

HAVFISK ASA Wins the Appeal in the Lawsuit Brought by Glitnir hf

HAVFISK ASA won the appeal in the lawsuit brought by the administration committee in Glitnir. HAVFISK refers to earlier notifications and statements in interim- and annual reports regarding the lawsuit from the administration committee in Glitnir hf. concerning HAVFISKs interest-, inflation- and currency swap agreement signed with Glitnir in 2005. HAVFISK did not win the case in the district court, but appealed the judgement that was concluded in Reykjavik District Court in December 2013. HAVFISK`s appeal was ruled in the Supreme Court of Iceland 4 March 2015, and judgement fell on 12 March 2015. The Court concluded that HAVFISK did have the right to terminate the swap agreement in 2008. -HAVFISK is acquitted from the entire claim from Glitnir, and is awarded legal costs at ISK 3 million. The Court`s ruling is final. HAVFISK has made accounting provisions for a possible negative outcome of the case that in the preliminary annual accounts for 2014 amounted to NOK 195 million, included interest rates and currency loss. This provision will be reversed in the completion of the final annual accounts for 2014. This will result in an increase in profit before tax with NOK 195 million and an improvement in the equity of about NOK 143 million.

Havfisk ASA Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Havfisk ASA reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported operating revenues of NOK 314 million, EBITDA of NOK 98 million, EBIT of NOK 63 million, net profit from continuing operations of NOK 24 million or NOK 0.29 per share against operating revenue of NOK 260 million, EBITDA of NOK 93 million, EBIT of NOK 64 million, net loss from continuing operations of NOK 76 million or NOK 0.90 per share a year ago. Profit before tax was NOK 25 million against loss before tax of NOK 108 million a year ago. Cash flow from operating activities was NOK 115 million against NOK 58 million a year ago. Investments in vessels, property, plant and equipement was NOK 19 million against NOK 3 million a year ago. The increase in operating revenues is mainly due to increased prices for all fish species. EBITDA in the fourth quarter is the highest in the group's history. For the year, the company reported operating revenues of NOK 1,049 million, EBITDA of NOK 299 million, EBIT of NOK 169 million, net profit from continuing operations of NOK 54 million or NOK 0.64 per share against operating revenue of NOK 779 million, EBITDA of NOK 211 million, EBIT of NOK 106 million, net loss from continuing operations of NOK 72 million or NOK 0.85 per share a year ago. The negative result in 2013 was due to provisions in connection with the Glitnir case. Profit before tax was NOK 65 million against loss before tax of NOK 103 million a year ago. Cash flow from operating activities was NOK 245 million against NOK 143 million a year ago. Investments in vessels, property, plant and equipement was NOK 48 million against NOK 33 million a year ago. Investments in the new-building project were NOK 187 million against NOK 461 million a year ago. Net interest-bearing debt was NOK 925 million at the end of the fourth quarter of 2014, compared to NOK 997 million a year ago.

 

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