Lerøy reports fall in Q3 profits

Lerøy farm, Tveitnesvik, Norway

The Lerøy Seafood Group today reported a £15m drop in its third quarter profits, blaming weak salmon and trout prices for the slump. The Q3 operating profit was NOK 412m (£29m) against NOK 631m (£44.5m) a year ago. On a brighter note, the company said its associate Scottish Sea Farms, in which Lerøy holds a…

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OTAQ in revenue warning

Aquaculture and offshore technology business OTAQ has warned that revenues for 2024 are likely to be below the current market forecast. Orders are taking longer to convert than was foreseen, the company said.

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