Despite being in the red, Norwegian land-based halibut farmer Sogn Aqua is seeking NOK 500 million (€48 million/$53 million) from investors to build a new farm.
"We hope the success of salmon repeats itself," Sogn Aqua Quality Manager Ole-Kristian Hess-Erga told Finansavisen. "To succeed we have to scale up and for that we need more space."
The company was in the red in 2018, losing around NOK 8.9 million (€863,000/$947,000). However, revenues that year jumped 78 percent to NOK 6.6
