Norwegian aquaculture conglomerate NTS, owner of Midt-Norsk Havbruk and the largest shareholder in Norway Royal Salmon, saw third-quarter earnings significantly improve year-on-year following its merger with the Froy Group.
Profit before tax and fair value adjustment jumped 500 percent to NOK 107 million (€9.9 million/$11.7 million), with revenues increasing 70 percent to NOK 700 million (€65 million/$77 million) against last year.
