Half Year 2023 Atlantic Sapphire ASA Earnings Call Transcript
Hello, everyone, and welcome to Atlantic Sapphire's presentation of the 2023 half-year report and operational updates. I am Johan Andreassen, and with me to present today, as always, is our CFO, Karl Ãyehaug.
I will start with some highlights from the first half of the year. The focus has been on heavy infrastructure upgrades and operational improvements. We had approximately 2,100 tons of gross biomass gain and harvest volume of 870 tons HOG. We saw a decrease in revenue driven by lower volume, partly offset by higher sales prices.
We had a consistent price achievement of approximately $12 per kilo HOG on our premium fish. There was an increase in overall cost per kilo of biomass produced compared to the first half of last year. We did an internal reorganization of the company to streamline the organization and strengthen the operational resources.
Our Phase-2 construction is currently focused on design and optimizing quality and cost of the project while limiting actual CapEx for the project to a minimum.
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