Bakkafrost Shares Drop 15% After Profit Warning

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Bakkafrost Shares Drop 15% After Profit Warning
Photo: Gorm Kallestad/TT

The Faroese salmon farming company Bakkafrost falls by about 15 percent on the Oslo stock exchange after the company issued a profit warning ahead of the interim report at the end of August.

A lower price of salmon means that the company now estimates that the operating profit will land at 65 million Danish kronor, significantly lower than the average expected 251 million Danish kronor.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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