Norwegian producer Arnoy Laks' profit slumps 50%

Lower volumes affected Norwegian salmon farmer Arnoy Laks’ figures last year, shaving off over 50 percent from its operating profit.

Arnoy Laks group -- consisting of Arnoy Laks, Arnoy Laks Slakteri and Elvevoll Settefisk -- achieved revenue of NOK 159.8 million (€17.4 million/$19.5 million) in 2014, down from NOK 193.4 million (€21 million/$23.5 million) the year prior.

Operating profit fell 52.1 percent from 2013, dropping from NOK 37.4 million (€4.1 million/$4.6 million) to NOK 17.9 million (€1.9 million/$2.2 million) in 2014.

The profit margin ended up at 11.2