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Loch Duart bids farewell to Canada

Scottish Salmon farmer is looking to wind up its operations in Canada "as soon as practical".

The company saw its operation profit fall 28 percent in the financial year to March 31.

"In Canada the previously reported and long awaited Canadian revised application process for sea farming sites is yet to produce anything substantial on which to base the company´s progress in the county, it added.  As a result the company previously wrote-down the values of its interest in the area to the immediately realizable tangible assets and is ´unconvinced of the merits of a continued presence in the country´ ´The company retains little more than licenses to operate and the Canadian operations will be wound down as soon as practical´, it said"

resource IntraFish Oct 02 2018


Watch this video to learn more about Loch Duart

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