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Mowi (OTC:MHGVY) reported quarterly earnings of $0.28 per share. This is unchanged from the same period last year. The company reported $1.859 billion in sales this quarter. This is a 17.58 percent increase over sales
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Mowi ASA reported Q2 2026 harvest volumes across its global operations, with Norway leading at 85.0 thousand tonnes. The company announced a Share Purchase Agreement to divest its 9k GWT salmon farming operations in Canada East to Cooke Inc. for CAD 225 million on a debt-free basis.
Read original at globenewswire-incMowi ASA achieved record-high Q2 2026 harvest volumes of 150 thousand tonnes, up 13% year-over-year from 133 thousand tonnes in Q2 2025. Operational EBIT grew 23% to EUR 231 million, with blending farming costs reduced by EUR 0.18/kg. The company also announced the divestment of its 9k GWT Canada East salmon farming operations to Cooke Inc. for CAD 225 million.
Read original at globenewswire-incThe microalgae-based aquafeed market is projected to grow from USD 320.08 million in 2026 to USD 481.29 million by 2031, driven by cost reductions in closed photobioreactors, premium pricing for antibiotic-free seafood, and increased demand for algae oil and protein isolates. Asia-Pacific is the fastest-growing region at 10.7% CAGR, while regulatory approval delays for novel algae strains remain a key challenge.
Read original at globenewswire-inc