Like many Atlantic salmon farmers during the past few months, Faroese firm Bakkafrost saw its profits take a severe dent from reduced prices globally during the third quarter of 2020, with earnings before interest and tax (EBIT) falling 66% year-on-year.
The company reported an EBIT of DKK 103 million ($21.1m) for the third quarter of the year, 27% below market consensus, yet 17% above the quarterly estimate suggested by market analyst Fearnley Securities [...]
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