After posting expectations for the end of fiscal year 2019, aquaculture equipment supplier Akva Group on Friday revised those earlier forecasts and is now saying losses will be much more significant than it originally thought, thanks to mis-reporting from its land-based division.
On Jan. 20, Akva reported that it expected to go into the red for the fourth quarter of 2019, estimating that EBIT would fall to between negative NOK 25 million (€2.5 million/$2.8 million) and NOK 30 million (€3 million/$3.4
