Cermaq’s third-quarter results will reflect a nearly USD 10 million loss resulting from disease outbreaks at its farms in Canada and Finnakark.
A loss of USD 5.4 million will result from the IHN outbreak at the company’s site in Millar, Canada, run by Cermaq subsidiary Mainstream Canada. The outbreak affected 1 million fish at an average weight of 0.4 kilograms. Although Cermaq has filed for financial compensation, it is uncertain if the funds will be received before the end of the quarter.
Additionally, an outbreak of pancreas disease in a Norwegian fish-farming operation will cost the company USD 3.5 million. The company also reported an algae bloom resulted in another USD 880,000 in losses.
Cermaq will release its full third-quarter results on 23 October.
