New Zealand King Salmon (NZKS) reported a disappointing financial performance in its half-year results for the period ending Dec. 31.

The group posted a 5 percent year-on-year drop in earnings before interest, tax, depreciation and amortization to NZD 16.4 million (€9.4 million/$10.3 million).

Revenues also decreased 4 percent to NZD 84.1 million (€48.6 million/$53.1 million).

Sales volumes took a 10 percent hit, falling to 3,442 metric tons as the company balanced the available fish for long-term supply following a rough summer in the 2019 fiscal year.