Embattled land-based salmon farmer Atlantic Sapphire's share price continued to fall on Tuesday, sinking further below yesterday's historic low valuation, but the top financial executive at the group said the company is on-track for profitability by the first quarter next year.

The company's share price nosedived on the Oslo Stock Exchange Monday after the company announced a revenue adjustment for the second half of the year.

Shares slumped from NOK 10.35 (€1.05/$1.03) at the start of the day Monday to NOK 6.80