Salmon Farming Firm Mowi Sees Higher Volume In 2020

(10/31/19)

Norway's Mowi plans to increase its production by 4.7% in 2020, the world's largest fish farming company said on Wednesday, as it reported quarterly earnings slightly better than its earlier outlook.

The company's third-quarter operating profit dropped 28.5% on-year to €148 million ($164.41 million), but slightly outperforming its forecast of €146 million.

Mowi raised its full-year growth forecast for the global salmon industry's production to 6% - 8% from a previous forecast of 4% - 7%, and expects overall volumes to grow by at least.........................................................


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