The Norwegian division of salmon production heavyweight Cermaq had a good year in 2022, posting record earnings that were fueled by high salmon prices and lower costs.

Cermaq Norway has so-called deviating financial years. Its financial year 2022 runs from the period Apr. 1 2022 to Mar. 31 2023.

Operating profit was NOK 2.45 billion ($219 million/€207.6 million), up from NOK 2.19 billion ($195.8 million/€185.6 million) the previous year, while profit after tax was reported at NOK 2.19 billion ($195.8