Blue Island Plc Announces Consolidated Sales Results for the Third Quarter and Nine Months Ended September 30, 2012; Provides Earnings Guidance for the Year 2012
October 29, 2012
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Blue Island Plc announced consolidated sales results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported total sales were €3,542,765 compared to €3,913,143 during the respective 2011 period. There was a sales decrease of 9.5%.
For nine months, the company reported total sales were €11,513,232 compared to €11,792,221 during the respective 2011 period (decrease: 2.4%).
The company anticipated that the consolidated sales for the entire 2012 compared to the consolidated sales of 2011 will be approximately 4 % less. The profitability during 2012, is anticipated to be positive.
Blue Island Plc is a Cyprus-based company engaged in the breeding and trading of fish. Its activities include fry breeding, through its subsidiary, Blue Fisheries Ltd; Mediterranean type fish-farming; tuna and swordfish fishing, through its subsidiary, Niras Trawlers Ltd; fish processing, namely fish fillets, fish burgers, smoked fish and marinated fish, and trade of products, which are either produced by the Company or which are imported and is done both through the Companyâs retail shops, as well as through wholesale distribution. The Company has three production facilities: the Hatchery Unit, which specializes in fry breeding and is located in the Akrotiri area in Limassol; the Open-Sea Fish Farming Unit, which specializes in fish breeding in open sea cages and is located at the Governors coastal area in Limassol, and the Fish Processing Unit, which processes, packages and distributes both fresh and frozen fish and is located in Strovolos, Nicosia.
Blue Island Plc Announces Consolidated Sales Results for the Third Quarter and Nine Months Ended September 30, 2012; Provides Earnings Guidance for the Year 2012
BLUE ISLAND PLC 
