Mitsubishi-owned Cermaq Norway saw its operating profit increase 3.6 percent to NOK 1.2 billion (€119.5 million/$134 million) in it's latest financial year, despite the impacts of the COVID-19 pandemic.
A focus on cost reduction combined with good biology, were among the reasons for the improved result, according to Cermaq Norway Managing Director, Knut Ellekjaer.
Mitsubishi-owned Cermaq Group is one of the world's largest salmon producers, with sizeable production in Norway, Chile and Canada.
As the Cermaq Group is part of Mitsubishi Corp, it does not publish its results, but its Norwegian subsidiary, Cermaq Norway, does.
