Land-based farmer Gigante Salmon reports expected negative result in first financial result as public company

Norwegian aquaculture group Gigante Salmon reported a negative operating profit of NOK 1,543 million (€152 million/$178 million) for the first half of 2021, the result of its stock issue process and application for Euronext Growth Oslo stock market admission, where it listed on July 5.

On June 28, the company, which is currently developing its first land-based fish farm on Lille Indre Rosoya and does not yet generate income, announced a NOK 222 million (€22 milllion/$25 million) oversubscribed share issue.