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H1’22 Net profit NOK -11m (vs ABGSCe NOK -15m) Construction work progressing as planned in Japan Expect consensus to make limited changes
FY’21: Net profit and capex largely in line with ABGSCe Construction work progressing as planned in Japan Expect consensus to make limited changes
Initiates land-based salmon farming in Japan Significant margin potential with no local supply Initiate coverage with BUY and TP NOK 22
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