Bakkafrost profits shrink on lower prices, higher costs

Faroese salmon farming company Bakkafrost delivered total operating earnings before interest and taxes (EBIT) of DKK 206 million (€27.6 million/$30.3 million) in the third quarter of 2015, down 1.4 percent compared with DKK 209 million (€28 million/$30.8 million) in the third quarter last year.

However, revenues reached DKK 677 million (€90.8 million/$99.7 million) over the period, up 16 percent from DKK 584 million (€78.3 million/$86 million) in the same period a year prior.

The farming segment delivered an operational EBIT of DKK 183 million (€24.5