The Scottish Salmon Company (SSC) on Monday posted a 33 percent increase in first-quarter earnings underpinned by higher production and bouyant market conditions.

The salmon producer posted earnings before interest, tax, demortization and amortization of £20.2 million (€23.3 million/$26.1 million) up £15.2 million (€17.5 million/$19.6 million) from a year earlier.

This was supported by a 23 percent rise in revenue to £53.5 million (€61.8 million/$69.1 million) over Q1 of 2018.

The results come as The Scottish Salmon Company announces the departure of CFO Fiona Larkin as chief financial officer in October.