Strong operational performance, high prices boost Icelandic Salmon earnings

Published on
September 7, 2022
Salmon net pens inside an Icelandic fjord.

Kverva, Norway-based aquaculture company Icelandic Salmon AS, which owns producer Arnarlax and other subsidiaries, and part of the SalMar group, reported operating revenues of almost EUR 72.1 million (USD 71.3 million) for the first half of 2022, a 103.5 percent year-over-year increase.

The company said increased market prices for salmon in the period contributed to its solid H1 2022 results, alongside steady cost control and efficient production …

Photo courtesy of Gestur Gislason/Shutterstock

Contributing Editor reporting from London, UK

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