News

Samherji´s profit 1.065 million ISK

Samherji Ltd. was run profitable by 1.065 million ISK in the first six months of 2005, profit from the second quarter was 390 million ISK. The operating revenue of the group the first six months totalled 11.627 million ISK and operating expenditure was 9.648 million ISK. Profit, before depreciation and financial expenses (EBITDA), was 1.979 million ISK, depreciation was 674 million ISK and financial expenses were negative by 245 million ISK. Samherji´s share in the return of subsidiaries was 312 million ISK, profit before taxes was 1.372 million ISK and profit after taxes, including minority shares was as afore said 1.065 million ISK. 

Samherji delisted from ICEX Main List

Samherji (Fisheries and Fish Processing), symbol SAMH, will be delisted from ICEX Main List after closing of trading day July 28th in accordance with the company's request. The company does not fulfill the listing requirements as Fjárfestingarfélagið Fylkir ehf. and parties, that have reached an agreement on the management and operations of Samherji hf. and financially related parties, have aquired 91,64% of its shares. The delisting is made by reference to Art. 7.5.2 of Rules for Issuers of Securities Listed on the Iceland Stock Exchange Ltd.

Samherji moves to buy back shares and de-list from ICEX

The Fjordur Investment Company, a vehicle owned by Þorsteinn Már Baldvinsson CEO of Samherji hf, Kristján Vilhelmsson Mananaging Director of Samherji hf and Finnbogi A. Baldvinsson CEO of Pickenpack Hussmann and Hahn Seafoods, has purchased 7.33% of the shares in Samherji hf. Fjordur has entered into an agreement with Bliki ehf, Tryggingamiðstöðin hf and F-15, the other principal institutional shareholders regarding the management and operations of Samherji hf.

Samherji sells the fishmeal plant in Grindavík

Samherji Ltd. has finalized a sale of its fishmeal plant in Grindavík to Síldarvinnslan Ltd.  The factory was damaged  by fire last February and has not been in operation since then.

Samherji´s profit 676 million ISK

Samherji Ltd. was run profitable by 676 million ISK in the first quarter of 2005.  The operating revenue of the group the first three months totalled 5.697 million ISK and operating expenditure was 5.008 million ISK. Profit before depreciation and financial expenses (EBITDA) was 689 million ISK, depreciation was 334 million ISK and financial expenses were positive by 145 million ISK. Samherji´s share in the return of the subsidiaries was 361 million ISK  Profit before taxes was 861 million ISK and profit after taxes, including minority shares was as afore said 676 million ISK.  Net cash provided by operating activities the first three months was 260 million ISK.

Samherji´s profit nearly 3 milliards

According to Samherji´s annual report for the year 2004, endorsed by the company’s board of directors today, Samherji´s profit was 2.914 million ISK compared to 1.067 million ISK last year.

Fire causes damage

A fire broke out in Samherji´s fishmeal plant in Grindavík yesterday afternoon, workers were not in danger.  The housing suffered considerable damage but a part of the machinery seems to be undamaged.

Fish processing-trimming

Are good wages, a secure working environment and good morale something you would desire?

Samherji buys a ship for Capelin fishing

Samherji hf. has, due to a an increase in the Capelin quota, bought the purse seiner/trawler Högaberg from E.M. Shipping in the Faero Islands.  A clause in the purchase agreement allowes the ship to be sold back to the former owner within 3 months from the date of signing.

Sentence passed in the case of the state of Norway versus Samherji Ltd.

Today sentence was passed in the Gulating court in Norway where Samherji hf, was sentenced to pay compensation to the Norwegian state to the amount of NOK 14 million.  This court decision was very unexpected both by the management of Samherji and their Norwegian lawyers since the representatives of the Norwegian shipyard Th. Hellesöy were acquitted in this same case last April and the  Norwegian public prosecutor did not see a reason to appeal.  Samherji has, having consulted with the Norwegian lawyers, decided to appeal against this sentence to the High court in Norway and a statement will be issued next week when the judgement has been reviewed.