On Aug.19, SalMar revealed that its net result had fallen by 200 percent to end up in the red at a loss of NOK 156 million (€19.9 million/$28.5 million).
This was due to low harvest volumes and bad sales timing in the company’s central Norway operations, SalMar said.
The central Norway activities had an operating result of NOK 8.60 (€1.1/$1.6) per kilo in the quarter – nearly half the level it hit a year ago.
These are disappointing results from SalMar, said Kolbjorn Giskeodegard, analyst at Nordea Markets.
“Considering
