Leroy Seafood Group saw its operating profit before fair value adjustment related to biological assets (EBIT) tumble 44 percent to NOK 455 million (€44.9 million/$54.8 million) in the first quarter of 2021, driven by lower prices caused by the COVID-19 pandemic.

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Revenue was down 7 percent at just over NOK 4.9 billion (€484 million/$590.4 million), while earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 31 percent to NOK 759 million (€75 million/$91.5