Business
MAS: Profitability declined sharply in Q3 2024 as lower salmon prices and higher costs hit results
MAS: Profitability declined sharply in Q3 2024 as lower salmon prices and higher costs hit results
About this update from Masoval As
Q3 2024 saw a sharp drop in profitability due to lower salmon prices and higher costs, with operational EBIT at MNOK -61 and revenue down 21% year-over-year. Operational challenges, ISA outbreaks, and start-up costs for TL52 impacted results. Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.