Norway-based aquaculture equipment and services giant Akva Group reported a double-digit jump in operating profit last year, and saw a continued rise in order for both its land-based and cage-based technologies.

Akva increased earnings before interest, taxes, depreciation, and amortization (EBITDA) 24 percent to NOK 337 million (€33.4 million/$39.8 million) in 2020, while revenues rose 7 percent to NOK 3.2 billion (€316.8 million/$377.7 million).

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EBITDA in the fourth quarter increased from a loss of NOK 40 million (€4 million/$4.7