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This was achieved despite high ocean temperatures and considerable sea lice challenges.

In its latest quarterly trading update, the Norwegian salmon farmer has reported a decrease in its harvest volume of more than 15% year-on-year.

"At Måsøval, we measure progress in more than numbers – we look at direction, structure, and ability to develop," the company said in a statement.

Despite the harvest rise, various biological problems increased costs and weighed on prices, causing the group's operating EBIT to fall by almost 80%.

Although the company managed to close the year with an increase in total harvest volume, Q4 figures were negative in almost all indicators.

Faced with a weaker operating result than expected, the Norwegian salmon farmer had already issued a profit warning to its investors.