Bakkafrost slumps 15% on profit warning amid weak salmon prices 📉

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The largest Faroe Islands’ salmon farmer Bakkafrost (BAKKA.NO) issued a second-quarter profit warning due to “weak salmon prices” and disease on its Scottish farms and freshwater sites. Mortality in the Scottish operations led to losses of almost €17 million. The company warned investors that its unaudited accounts indicated lower-than-expected operating earnings (EBIT) of DKK 65 million (€8.7 million/$9.4 million) for the three months

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