An 82% earnings hike for SalMar as record prices and good biology strike a high note

Norwegian salmon producer SalMar's first quarter results revealed skyrocketing earnings as farmed salmon prices once again pushed up farmers' incomes.

The company reported a massive 82 percent surge in earnings before interest, tax, depreciation and amortization to NOK 1.5 billion (€144.5 million/$51.8 million).

This was in part due to a 47 percent increase in operating revenue to NOK 4.6 billion (€454.2 million/$477.1 million), the result of inflated salmon prices and a 22 percent increase in the producer's harvested volumes to 45,000 metric tons.