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Third quarter trading update by the Norwegian seafood giant shows a slight decline in salmon and trout aquaculture harvest volumes, but a notable drop in wild catch of cod.

Presenting the group's Q2 2024 results, CEO Henning Beltestad highlighted "substantial improvements" in fish health, saying submerged cages "will be an important growth driver for Lerøy going forward ...

The investment will support Salmonics' growth and the development of cutting-edge biotechnology solutions using fish blood.

The total harvest volume of salmon and trout rose by almost 7,000 tonnes compared with the same period last year.

Lerøy is the third of Norway's salmon farming companies to undergo an audit this year on its handling of fish health and welfare.

CEO Henning Beltestad says "our fish are growing well" as the company implements new measures to improve fish health.