Norwegian equipment supplier Akva group's earnings soared in the second quarter largely because of better cage-based technology sales and doubling sales in the Nordic region.
Earnings before interest, tax, depreciation and amortization (EBITDA) doubled to NOK 101 million (€10.1 million/$11.3 million) compared with the same period last year.
The group's overall revenues also grew 27 percent to NOK 798 million (€80.1 million/$89.6 million), according to the latest second quarter results.
Cage-based division
Earnings and revenues for the cage-based technology strengthened in the second quarter across all operating regions except the Middle East and Europe.
