NS: High Liner profit soars as acquisition-related costs fall

By Staff, The Canadian Press
Send to a friend

Send this article to a friend.

Net income for the 12 months ended Dec. 28 rose to $31.3 million, including $8.7 million in the fourth quarter.

TC Media

[LUNENBURG, NS] - High Liner Foods Inc. had a much more profitable year in 2013, as net income for the 12 months ended Dec. 28 soared to $31.3 million, including $8.7 million in the fourth quarter.

In 2012, it had a net loss of $2.7 million or 17 cents per share in the fourth quarter and only $2.2 million of net income for the full year.

The Nova Scotia-based frozen seafoods company attributed the improvement to a number of factors, including reduced financing costs and fewer one-time items related to acquisitions.

High Liner said its quarterly dividend will go up to 19 cents per share, payable March 17.

Organizations: High Liner Foods Inc.

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments