Ewos, the Norwegian aquaculture feed arm of US agriculture and commodities giant Cargill, increased its turnover and operating margins in its most recent fiscal year despite raw material cost increases that dogged the sector.

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The company reported NOK 9.5 billion (€946 million/$1.1 billion) in sales, an increase of 14 percent from the previous year.

The private company’s results span from June 1, 2020 to May 31, 2021.