“That we managed the ‘feat’ in this quarter of being down NOK 17 (€1.80/$2) per kilo, is extreme to say the very least,” said CEO Andreas Kvame in his presentation of the company’s quarterly result on Thursday.
A strong British pound and high costs were given as the main factors behind the weak results. In addition costs were overwhelmingly high due to low production volume.
The Shetland activity looked relatively healthy, however, until August, when the company was hit by an algal bloom.
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