For the first six months of 2011, the Norwegian producer sold halibut for nearly NOK 16 million (€2.1 million/$3 million), but reported a loss before tax of NOK 3 million (€390,120/$554,478).

However, the group expects this to transform itself to a profit before the end of the year.

“We will slaughter 600 metric tons of halibut this year and expect our revenue to end at NOK 48 million (€6.2 million/$8.9 million), with a profit before tax of NOK 8.5 million (€1.1 million/$1.6