The world's largest salmon farmer, Mowi, has reported a substantial rise in earnings for the third quarter of 2022, with larger than predicted harvests and strong price returns, despite environmental factors impacting its Scottish and Irish operations.
Harvest volume was 15 percent up on last year at 134,000 metric tons, 2 percent up on predicted numbers, with operational earnings before interest and tax (EBIT) hitting €240 million ($234 million), 83 percent up on last year.
EBIT per kilo rose 82 percent for Mowi's Norwegian farming operations, but Scotland and Ireland suffered from micro-jellyfish and incident-based mortalities.
