Value of shares drops almost 22% in just five days, following operational loss in second quarter, and uncertainty over Grieg Seafood's future in British Columbia.
“The second quarter of 2024 was a challenging period for Grieg Seafood and our performance and results reflect continued biological challenges," said CEO Andreas Kvame.
Co-founder and former CEO of Arnarlax, Kristian B. Matthiasson has been appointed to manage Grieg Seafood's next processing plant at Gardermoen, Oslo Airport.
A trading update released by the company indicates increased fish mortality rates in its British Columbia salmon farming operations, attributed to low seawater oxygen levels.