High Liner's Q3 Earnings: Profit Up, Sales Down, Strategic Investments Continue
Nova Scotia-based High Liner Foods announced its financial results for the third quarter of 2024. The company reported an increased adjusted EBITDA despite a dip in both gross profit and sales volume.
High Liner reported an adjusted EBITDA increase of US$1.5 million, or 7.5%, to $21.5 million compared to Q3 2023. Meanwhile, its gross profit fell by 2.6% ($1.3 million), and its sales volume fell by 4.2 million pounds, or 6.9% compared to Q3 2023...
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