The Scottish Salmon Company has posted a 47.2% increase in first quarter sales after seeing a significant rise in harvested volumes and stronger prices.
Sales hit £18.7m in Q1 2013 compared with £12.7m last year whilst harvested volumes increased by 38.1%, to 5,092 tonnes. EBIT before fair value adjustment rose to £1.8m compared with - £0.5m during the same period last year.
The company said it anticipated it was set to capitalise on the recent uplift in prices - 80% of total volume was currently contracted but half of those contracts were due for renewal at the end of the first half of this year and into next year.
“We continue to build strong partnership arrangements with customers in both the UK and in Europe based on high quality produce, sustainability and the integrity of the supply chain,” said Stewart McLelland, CEO at The Scottish Salmon Company.
The Scottish Salmon Company produces around 20% of total Scottish salmon and supply UK retailers as well as the global export market.
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