'We are exactly where we want to be': First harvest boosts fortunes of land-based salmon farmer Andfjord

Land-based farmer Andfjord Salmon has begun to reap income from its first harvest, reporting operating income of NOK 9.6 million (€836,000/$898,000) in the second quarter, compared to zero in the same quarter last year.

Despite the income, the company's early stage of development meant that high costs and ongoing investments produced a rise in its operating loss to NOK 18.1 million (€1.6 million/$1.7 million) in the quarter, versus a loss of NOK 10.4 million (€906,000/$972,000) in the same period last year.