Despite reporting record high third quarter revenue across the group, Mowi lost €59.9 million ($66.6 million) in earnings before interest and taxes (EBIT) with nearly all farming regions reporting negative numbers.

Last year the group reported profitable EBIT of €170.3 million ($189.2 million) for the same period.

Operational revenues and other income increased by a marginal 3 percent to €1.02 billion ($1.1 billion), but operational EBIT declined by 29 percent to €147.8 million ($164.1 million). Net loss for the period was €61.3