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

Bakkafrost Shares Drop 15% After Profit Warning

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.

AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Business

All