Business Summary: Pescanova SA is a Spain-based company primarily engaged, through its subsidiaries, in the fishing industry. The Company comprises the farming, capturing, cleaning, cutting, freezing, processing and packaging onboard factory-ships, as well as the transport, distribution and marketing of a variety of fish products. The Company’s activities are structured in three business areas: Wild Catch, where fish and shellfish are processed and frozen immediately after being caught; Farmed Fish, mainly involved in aquaculture operations and the development of technology for the fishing activities, and Food Products, which offers deep-frozen fish and shellfish products. The Company is a parent of Grupo Pescanova, a group which comprises a number of controlled entities with operations established worldwide. In March 2013, the Company entered bankruptcy proceedings. In December, 2013, the Company completed the sale of a 50% stake in Austral Fisheries Pty Ltd to Maruha Nichiro Seafood Inc.
Financial Summary: BRIEF: For the six months ended 31 May 2021, Pescanova SA revenues decreased from EUR92K to EUR0K. Net income totaled EUR21K vs. loss of EUR9K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income reflects Total Financial Income increase of 3% to EUR913K (income), Wages/Salaries/Other decrease of 15% to EUR55K (expense).