Norwegian salmon exporter Sekkingstad’s revenue dropped from NOK 1,804.7 million (€241.3 million/$310.4 million) in 2011 to NOK 1491.4 million (€199.4 million/$256.6 million) last year, while operating profit ended up at NOK 29.1 million (€3.9 million/$5 million) in 2012 as opposed to NOK 42.4 million (€5.5 million/$7.1 million) in 2011.

The decline was due primarily to reduced market prices on the company's main product, salmon and trout, the company said in its annual report.

Norway biggest

Of Sekkingstad's total sales revenue, NOK 1350.2 million (€180.5