The 2008 year-class that showed an overall weak biological performance was harvested out in the second quarter, leading to a considerable reduction in production costs compared with previous quarters, the company said.
Earnings before interest and taxes (EBIT), before fair-value adjustment of biomass, was NOK 14.37 ($2.33/€1.81) per kilogram in the second quarter, up from NOK 5.15 ($0.84/€0.65) per kilo in the year-earlier period.
Prices in the United States have been very good due to the decline in supply of salmon, especially from Chile and because deliveries of salmon from Europe were interrupted due to restrictions on air traffic following the volcanic eruption in Iceland.
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