Grieg Seafood reported a huge drop in earnings for the third quarter, driven by disrupted markets and damaging biological conditions at two of its key salmon farming operations.

Earnings before interest, tax, depreciation and amortization (EBITDA) tumbled 126 percent to a loss of NOK 64 million (€6 million/$7 million) as the company fought tough farming climates against a backdrop of COVID-19 lockdowns.