High Liner Foods Shows Uptick in Q4 Profits Despite Overall Dip in FY2024
Value-added frozen seafood company High Liner Foods Incorporated (High Liner) just released its fourth quarter and 2024 financial results, showing a quarterly increase in gross profit despite an overall decrease in gross profit for the year, along with sales, which decreased across the board.
Looking at adjusted EBITDA, gross profits, and sales
For the fourth quarter, the Nova Scotia-based seafood processor reported an adjusted EBITDA increase of US$1.9 million (+8.7%), amounting to $23.8 million, as well as a gross profit increase...
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