Copeinca successfully finished its first fishing season quota on July 31st 2013, 100% of our quota was caught, despite of operational challenges.

Revenues as of September 30th 2013 were USD 156.5 million (90,552 MT) and EBITDA was USD 46.4 million (representing 30% of net sales), compared to revenues of USD 264.9 million (188,844 MT) and EBITDA of USD 96.0 million (36% of net sales) in the same period of last year.

Revenues in Q3?13 were USD 101.9 million (63,716 MT) and EBITDA was USD 34.7 million (representing 34% of net sales), compared to revenues of USD 96.8 million (61,200 MT) and EBITDA of USD 37.4 million (39% of net sales) in the same period of last year.

Revenue per ton sold for the nine months of 2013 had an average of USD 1,728/MT including USD 4.3 million revenues from the sale of Mackerel and Jack Mackerel (7,386 MT) up from USD 1,403/MT in 2012 including USD 4.3 million revenues from the sale of Mackerel and Jack Mackerel (11,869 MT).

Revenue per ton in Q3?13 was USD 1,599/MT up from USD 1,582/MT in Q3?12.

 

As of September 30th 2013, the CAPEX approved for 2013 is USD 14 million, out of which USD 11 million were executed.

http://www.chinafisherygroup.com/attachment/2013111517401817_en.pdf

The Company and the Offeror intend to retain Copeinca's listing status on Oslo Børs while considering different options for further improvement of the Group?s organisational structure and profitability. Oslo Børs has granted Copeinca a grace period until 1 October 2014 during which time Copeinca will not be required to comply with Oslo Børs? requirements regarding spread of share ownership.