Earnings for Austevoll Seafood took a hit from lower prices and higher release from stock costs for Atlantic salmon and trout, and lower catch and sales volumes for pelagic operations in the second quarter of 2019.

Adjusting for its 50 percent ownership in Pelagia, the group posted a 20 percent drop in earnings before interest, tax, amortization and demortization to NOK 1.3 billion (€130 million/$144.3 million) in the three months to June 30.

Revenues also fell, by 3 percent to NOK 6.8