January 23, 2006

Nutreco expects 50-percent increase in profits

Dutch agrifood and aquaculture company, Nutreco Holding N.V. expects a net profit increase of more than 50 percent when it announces its annual results next month.

The high profit is a result of an excellent Q4 showing of Marine Harvest N.V., in which Nutreco holds a 75 percent stake. Nutreco said it expected net profit will be at least EUR120 million.

Marine Harvest's net result will be considerably higher than earlier expected, said Nutreco. The increase in net result is mainly attributable to a higher salmon livestock valuation at year-end balance sheet date, apart from a stronger operational result in Q4 for Marine Harvest.