Danish firm coldwater shrimp firm Polar Seafood reported a drop in its 2016 earnings, after reporting its best year in history in the previous year.

The company's net profit amounted to DKK 112.3 million (€15.1 million/$16.6 million), a drop of more than 32 percent from DKK 166.8 (€22.4/$24.6) in 2015.

Operating profit fell 31 percent from DKK 347.6 million (€46.7 million/$51.3 million) to DKK 239.5 million (€32.2 million/$35.4 million) year-on-year.

Consolidated earnings for the year came to DKK 192.7 million (€25.9 million/$28.4 million), which was down 24 percent from the DKK 255.6