Pescanova earned EUR 82 million in its last financial year
Pescaburgers. (Photo: Pescanova)
Pescanova closed its 2015 financial year -the last year as the former parent of the fishing group - with a profit of EUR 82.52 million, compared to EUR 1.9 billion it had earned in the previous year, the company informed the National Stock Market Commission (CNMV).
It is worth noting that the last financial year runs from 1 December 2014 to 30 November 2015, so it is not fully comparable to the previous period, which was 11 month long, due to the change in the closing date.
Pescanova SA today represents only 20 per cent of Nueva Pescanova, the company created in November last year, when banks took 62 per cent control.
After the restructuring, Pescanova has become a company whose main asset is its stake in Nueva Pescanova, and an account receivable from that company of non-segregated liabilities...
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