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Aquaculture

Russian Aquaculture slashes debts with fundraising, salmon harvests

Russia's largest aquaculture producer saw revenue double and debt fall; it's now reliant on next cycle for profitability as biological asset evaluation drags down net profits

By Neil Ramsden | April 12, 2018 09:53 BST
Huge currency losses spoil good development year for Russian Aquaculture
Russian Aquaculture is already producing 40,000t from salmon cages in the Murmansk region.
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Russian Aquaculture saw its revenue more than double, and debt fall by 76%, in its 2017 financial year; thanks in part to its raising of nearly RUB 1 billion ($17 million at that time) via secondary public offering (SPO) in December 2017 [...]

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