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Thursday, 11 January 2018

Hofseth Biocare ASA: Financial update

Hofseth Biocare ASA    

Published: 14:06 CET 11-01-2018 /GlobeNewswire /Source: Hofseth Biocare ASA / : HBC /ISIN: NO0010598683

Hofseth Biocare ASA: Financial update

Based on preliminary figures for the Fourth Quarter 2017, Hofseth BioCare ASA (HBC) produced a total of 2,794 metric tons of raw material in the quarter, compared to 2,241 in the third quarter 2017.
Total revenues in the fourth quarter amounted to approx. NOK 26m. The cash balance increased to NOK 42m in the quarter, compared to NOK 28m by the end of the third quarter 2017.
HBC will issue the fourth quarter 2017 financial report on 15th February 2017.
For further information, please contact:
Roger Hofseth, CEO of Hofseth BioCare ASA
Mob: +47 95147941
E-mail: rh@hofseth-as.no
Jon Olav Ødegård, CFO of Hofseth BioCare ASA
Mob: +47 93632966
E-mail: joo@hofsethbiocare.no
About Hofseth BioCare ASA:
HBC is a Norwegian biotech company that offers high-value ingredients and finished products for humans and pets. The company is founded on the core values of sustainability, traceability and optimal utilization of natural resources. Through an innovative hydrolysis technology, HBC is able to preserve the quality of salmon oil, proteins and calcium, prepared of fresh salmon off-cuts. HBC's objective is to contribute to the efficient use of marine resources and deliver quality products for ingredients and finished consumer products in the nutrition market.
Hofseth BioCare's headquarters are located in Ålesund, Norway with branches in Oslo, Chicago, Mumbai and Tokyo. HBC is listed on Oslo Stock Exchange Axess list with ticker "HBC". More information about Hofseth BioCare at www.hofsethbiocare.com and www.facebook.com/hofsethbiocare
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Hofseth Biocare ASA, Molovegen 6, Ålesund 6004, Norway
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