Salmon giant Mowi posted stable operational earnings before interest and taxes (EBIT) of €109 million ($133.2 million) in the first quarter -- the same as last year -- as it managed to offset lower prices with a 9 percent drop in costs.

The world’s largest salmon farmer achieved record-high volumes for a first quarter in both its farming and consumer products divisions, harvesting 125,000 metric tons of salmon and selling 62,000 metric tons of value-added products.