The Norwegian salmon farming company Lingalaks earnings slipped 39 percent in 2018 compared to the year prior stemming from lower net production and increased production costs.

Earnings before interest, tax, depreciation and amortization (EBITDA) fell to NOK 94.9 million (€9.5 million/$10.6 million) year-on-year, while revenues also sunk 11 percent to NOK 543.4 million (€54.3 million/$60.8 million).

Salmon lice levels were at bay during 2018 but several locations were hit by illness with mortality rates at 8.3