Proximar posts deeper losses as costs soar and growth stalls in Japan

Japanese land-based salmon farmer Proximar Seafood reported a sharp rise in second-quarter losses as higher operating expenses and growth setbacks overshadowed revenues, despite Japan’s relatively strong salmon prices.

Joachim Nielsen, CEO of Proximar and Bastiaan van Tilburg, soon to be CEO of Nutreco, posing together with Mt Fuji in the background.Photo: Skretting