Leroy's significant processing presence dampened its earnings increases in the first quarter, setting it on a slightly less extreme trajectory than those of its fellow salmon farmers or whitefish harvesters.

The company, with presence in both wild whitefish catching and salmon and trout farming, posted a 54 percent increase in earnings before interest, tax, depreciation and amortization to NOK 1.17 billion (€114.5 million/$119 million), with revenue rising 12 percent to NOK 5.5 billion (€539.2/$560.4 million).

Farmed salmon and trout harvests fell 24 percent to 32,057 metric tons presenting and almost tripling in earnings before interest and tax per kilo to NOK 20 (€1.95/$2.03).