SSC Q4 earnings driven by operational improvements

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The Scottish Salmon Company (SSC) saw earnings rise from 2016 to 2017.

EBIT/kg improved compared to prior quarter to £0.95. The Scottish salmon farmer’s record revenues of £39.9m was driven by higher harvest volumes and strong prices, but mortalities and accelerated harvesting impact costs, according to a press release from the company.

“We remain loyal to our long-term strategy to grow our business, and to offer premium quality products produced in a sustainable way. Harvest volumes increase steadily and Q4 volumes were the highest in more than two years”, Craig Anderson, Chief Executive Officer at SSC, said.

“We remain dedicated to our ambitions to improve operational efficiency by continuously developing our value-chain infrastructure and teaming up with leading partners to further develop our broodstock programme.”

“We continue to pursue our ambitions to expand exposure to overseas markets. Introduction of our premium brands has been well received in both American and Far East markets”, Anderson said.

“Demand for Scottish salmon as a premium food product continues to be strong and we aim to capitalise on this through continuing our export drive of our premium brands.”

SSC is guiding a harvest volume of 26,500 tonnes of Atlantic salmon in 2018.