Record profits undermine Norwegian salmon giants' tax complaints

Mowi CEO Ivan Vindheim.
Norway’s biggest salmon companies have each reported robust earnings in Q2 2023, continuing a streak of profitable quarters that have undermined their arguments against Norway’s recently imposed salmon-farming tax. Speaking at the company’s presentation of its Q2 2023 results, which set its all-time quarterly record, Lerøy Seafood Chief Financial Officer Sjur Malm said his firm may have to shift strategies as a result of the tax. “We fear that the long-term consequences will be negative when it…

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