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The land-based salmon farming company reported lower earnings due to salmon prices and higher farming costs but says operations remain stable.

The land-based salmon farming company has released its operational update for Q2, and says operations remain stable, with growth targets on track.

The land-based hybrid flow-through salmon farmer completed a key construction milestone last weekend by installing two new seawater intake pipes.

The land-based salmon farming company reports it has begun the year with a strong Q1 in terms of biomass, and achieved revenues of almost NOK 50 million.

The land-based company, based in Alesund, Norway, saw biomass grow 45% compared with the previous quarter.

Austevoll Rørteknikk AS (ART) and BKS Industri AS, both part of the EQVA group, will collaborate on the second stage of construction.