Norway's Akva Group warns of Q4 loss
20/01/2020 09:06
OSLO, Jan 20 (Reuters) - Norway's Akva Group AKVA.OL , a
supplier of equipment to the fish farming industry, warned on
Monday of an operating loss for the fourth quarter as revenue
missed expectations.
Akva expects an operating loss of between 25 million and 30
million Norwegian crowns ($2.8 million-$3.4 million) for the
October-December quarter, it said in a statement. It did not
provide a year-ago comparison.
The revenue shortfall was mainly caused by project delays,
particularly in its land-based fish farm equipment unit, Akva
Group added.
($1 = 8.9047 Norwegian crowns)
(Reporting by Terje Solsvik, editing by Gwladys Fouche)
((terje.solsvik@thomsonreuters.com; +47 918 666 70))