Norwegian cod farmer Norcod reports fall in Q4 profit, also expects lower 2023 earnings following early harvest

Norwegian cod farmer Norcod reported a fall in operating profit and flat revenue during the fourth quarter.

The company reported an operating loss of NOK 136 million (€12.2 million/$13 million), compared to a loss of NOK 39 million (€3.2 million/$3.4 million) during the same period last year, while its revenue remained around the NOK 51 million (€4.5 million/$4.8 million) mark.

Slower than planned harvesting contributed to lower revenue, the company said in its quarterly report.

The company harvested 847 metric tons of cod during the quarter.