The EU fishing fleet generated €6.9 billion ($5.9 billion) in revenue in 2012, according to the European Commission's new Scientific, Technical and Economic Committee for Fisheries 2014 Annual Economic Report.
Roughly half of the total revenue was transformed into salaries and profits for the fishing communities.
The 2012 data from EU member states showed although revenue generated by the fleet decreased compared to 2011, costs decreased even further.
After deducting for operating costs, the fleet generated €1.3 billion ($1.1 billion) in gross profit and €458 million ($393.9
