trending Market Intelligence /marketintelligence/en/news-insights/trending/AfF6OnOBl--H7OpUB1MpcQ2 content esgSubNav
In This List

Scottish Salmon Co. swings to loss in Q3

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Scottish Salmon Co. swings to loss in Q3

The Scottish Salmon Co. PLC said its normalized net income for the third quarter came to a loss of £7.9 million, compared with income of £448,130 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 31.6% from 2.5% in the year-earlier period.

Total revenue increased 40.1% on an annual basis to £25.1 million from £18.0 million, and total operating expenses grew year over year to £37.6 million from £17.3 million.

Reported net income came to a loss of £10.2 million, or a loss of 5 pence per share, compared to income of £441,000, or 0 pence per share, in the year-earlier period.