AKVA Group Q3 financials and dividend announcement
January 25, 2016
By Erich Luening
AKVA Group (NO:AKVA) continued to thrive in the third quarter and is set to have their best fiscal year ever in 2015, say company executives.
Revenue for the third quarter this year ended at 356 MNOK, of $41 million USD, compared to 330 MNOK in the same quarter in 2014, or $38 million USD.
Over the last two years, AKVA has made several key acquisitions and concentrated heavily on land-based systems that have paid off, showing investors that the company isn’t just resting on its laurels but pursuing new markets to grow beyond what the company already commands.
“AKVA Group has completed yet another strong quarter and we are happy to announce a dividend payment according to our dividend policy. The dividend reflects our strong underlying performance and financial position,” said AKVA chief executive Trond Williksen.
The company also said it would pay a dividend of NOK 1.00 per share in the fourth quarter, reflecting the positive results of the previous quarters of 2015.
The best performing markets for the Nordic aquaculture technology maker were in Canada, the United Kingdom, and Turkey, boosting expectations for AKVA’s best financial year ever in 2015.
Though all signs do point to a very good year for the company, it still remains to be seen how the Chile-based sales will hold up in the fourth quarter.