SalMar falls as operating profit lags estimate, cuts Iceland harvest outlook
** Shares in SalMar SALM.OL fall 4% after the Norwegian salmon farmer posted its Q2 results
** SALM's EBIT below market expectations, co reduces harvest guidance for Icelandic segment
** Barclays says 11% EBIT miss was mainly driven by lower-than-expected prices in Northern Norway and higher costs in Iceland
** Weaker prices were due to lower proportion of high-quality fish in the first two months of the quarter, brokerage says, adding that SalMar expects biological conditions to improve in the second half of the year
** SALM keptits harvest volumes for the full year unchanged after lowering them earlier in the year due harsh climate conditions and string jellyfish attacks
** However, it has reduced its volumes for Iceland slightly to 13,000 tonnes
** "In Q3 specifically SalMar guide to lower volumes in Norway and also slightly higher costs," says Barclays
Reporting by Jesus Calero
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