The breeding technology firm had to face its accounting year 2008/2009 with gloomy figures. Turnover ended up at NOK 183.4 million (€21.5 million/$32.1 million). Earnings before interest and taxes (EBIT) were a loss of NOK 41.4 million (€4.8 million/$7.2 million), while the result before tax was a loss of NOK 44.3 million (€5.2 million/$7.7 million).
That Aqua Gen felt the pinch through Chile encountering huge problems came as no surprise, but disease problems last year made matters even worse.
Forced to destruct
“There are two main reasons for last year’s loss.