Frost-bitten: Cold and storms blamed

(05/15/18)

for Icelandic salmon farmer’s £3.7m losses

Iceland’s biggest salmon producer, Arnarlax, has announced operating losses of NOK 40.2 million (£3.7m) for the first quarter of 2018. EBIT per kg was NOK -15.65.

In its Q1 report, the company said it experienced “an unusually high mortality rate caused by the handling of fish when sea temperatures in Iceland were extremely low”.

It added: “Further handling mortality occurred in connection with the relocation of fish after............................................


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