Blue Island plc Reports Unaudited Consolidated Interim Management Statement for the Period from January 1, 2015 to March 31, 2015; Provides Earnings and Production Guidance for the Year 2015
April 29, 2015 at 03:11 pm
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Blue Island Plc reported unaudited consolidated interim management statement for the period from January 1, 2015 to March 31, 2015. Total consolidated sales during the period above were EUR 4,714,662 compared to EUR 3,596,177 during the respective 2014 period. There was a sales increase of 31,1%. Blue Island Plc sales were increased EUR 876,385 (24.4% approx.) due to mainly increased export sales. Additional sales to third parties of about EUR 242,100 were also performed by Blue Fisheries Ltd. compared to none during the respective 2014 period.
The economic results for the entire 2015 are expected to be negatively affected by the loss of about EUR 550,000 that was incurred due to severe weather conditions (equipment and loss of livestock) between 3rd and 6th of January 2015.
Volume of production for 2015 is anticipated to be at the same levels as 2014 at all business units: hatchery, farming, processing and wild catch.
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 Reports Unaudited Consolidated Interim Management Statement for the Period from January 1, 2015 to March 31, 2015; Provides Earnings and Production Guidance for the Year 2015
BLUE ISLAND PLC 
