Earnings Release • Oct 16, 2024
Earnings Release
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Atlantic Sapphire ASA: Q3 2024 Trading Update
Miami, FL, October 16, 2024
Atlantic Sapphire ASA (along with its subsidiaries the "Company") has harvested
a total volume of approximately 1,300t HOG in the three months ending September 30,
2024 (Q2 2024: 1,245t). During the same period, the net biomass gain was
approximately 1,520t RLW (Q2 2024: 1,550t). Standing biomass at the end of the
period was 2,830t RLW (Q2 2024: 2,930t).
During the third quarter, biological development progressed favorably with
stable water quality and temperatures, low mortalities, and increased harvest
weight throughout the quarter following the operational measures taken to
increase harvest size. The realized average harvest weight was 1.42 kg HOG in
July, 1.55 kg HOG in August, and 2.19 kg HOG in September. In addition, the
Company has adapted its biomass to current feeding volumes and expects further
increased average harvest weight in the fourth quarter of 2024.
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