Finance

Russia’s largest salmon farmer posts record-high net profit, but production, revenue lag

Days prior to the publication of the company's financial results, Inarctica announced credit rating agencies ACRA and NKR had upgraded the company's rating because of an increase in its market share in salmon farming.

The company owns 35 sites for salmon and rainbow trout farming, with total potential production volume of around 50,000 metric tons. Of them, 12 sites are in operation.
The company owns 35 sites for salmon and rainbow trout farming, with total potential production volume of around 50,000 metric tons. Of them, 12 sites are in operation.Photo: Russian Aquaculture
Farmed salmonInarcticaRussian AquacultureRussiaEarnings
Published 30 August 2023, 03:01Updated 30 August 2023, 03:59