Leroy Seafood Group (LSG) reported a drop in earnings as its balance sheet felt the drag of low prices and higher costs in the third quarter of 2019.

Overall harvest volumes were up 24 percent for the group to 45,983 metric tons in the quarter, but did nothing to quell the negatives experienced by the group.

Earnings before interest, tax, demortization and amortization (EBITDA) across its farming, wild-capture and processing operations fell 7 percent to NOK 758 million (€75 million/$82.6