Canadian shellfish giant Clearwater reported a 35 percent decline in first quarter earnings as the company's Asian markets suffered from the coronavirus health crisis.

Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter came in at CAD 13 million (€8.5 million/$9.2 million).

Sales for the period fell 16.5 percent to CAD 100.3 million (€65.8 million/$71.3 million), while gross margin reached 20.5