Liabo was a keynote speaker at Norwegian Seafood Federation (FHL) North Norwegian Marine Farming Association’s annual meeting on Thursday.

While just short of 23 percent is more than double that of other Norwegian industries and regarded as a good result, it's only half of the salmon industry’s average margin in the all-time record year of 2006.

Previous record years were 2000 and 1994, which may indicate a six-year cycle.

“The period 2004-2007 has been the most forceful period in Norwegian salmon industry’s history – and that has happened against all odds.