Pescanova earns EUR 1.8 billion in first nine months
Pescanova products (Photo: Pescanova)
Pescanova recorded a net profit of EUR 1,786 million between January and September this year, thanks to the debt relief applied to two of its companies whose creditors’ agreement has already been approved.
The Galician multinational submitted unaudited accounts and clarified that the problems it went through in recent years did not allow it to determine "with precision the results for the interim periods of the financial year 2013, thus this comparable information was not included," Reuters reported.
The Spanish group is going through a crisis for more than a year ago, when its industrial project collapsed due to mismanagement. At that time, debts higher than EUR 3,600 million and an equity hole of almost EUR 1,700 million were known, according to the official receiver.
Horse mackerel fishing right case postponed Namibia
The case between several firms holding horse mackerel fishing rights and the minister of fisheries and marine resources has been postponed to February next year by a judge after hearing oral arguments.
Omega Protein faces drop in revenues in Q3 United States
Nutritional product company Omega Protein Corporation reported revenues amounting to USD 70.8 million for the third quarter in 2014, representing a 19 per cent decline over the same period in 2013.
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