Equity capital exceeds 212 million

At the TripleNine annual meeting in December, it was decided to make an additional payment of 8 øre per kilo of landed fish - a total of about 19 million kroner - to the 38 members of the cooperative who have delivered raw product to the factory throughout the year.

Furthermore, the fishermen who have purchased fuel through the company will receive an additional payment of 6 øre per liter.

This is based on annual accounts showing a positive result of 49 million Danish kroner for the group as a whole and about 46 million kroner after taxes.

Consequently, the group's equity capital exceeds 212 million kroner.

Satisfactory
- It's a satisfactory result, especially considering that we've seen dropping prices on fishmeal throughout the year, says TripleNine CEO Christian Bisgaard.

- On the other hand, we have also had good supplies of raw product in the past year, and we're even ending up at a slightly higher level than the year before, he adds.

Last year as a cooperative society
Moreover, Christian Bisgaard points out that TripleNine has now entered its last fiscal year as a cooperative society as the company will be reorganized as a limited liability company effective November 1st, 2012, which will naturally influence the coming year.

Thus a number of strategic decisions must be made with an eye to preparing the company for the new situation, which, for instance, involves the fact that the members of the cooperative society do not have an immediate obligation to deliver to the company.