High Liner Foods records ‘disappointing’ results in Q3
According to the company, its disappointing financial performance reflects challenges in its external operations as well as the internal ones.
Frozen seafood company High Liner Foods Incorporated experienced what it deemed as a “disappointing” third quarter financial performance, reflecting challenges in both the external operating environment and their internal operations.
In addition, the company's managers consider that this third quarter result reinforces the need for action to realign the business and drive cost efficiencies.
During the analysed quarter, its sales decreased to USD 241.2 million compared to USD 282.7 million in the same quarter a year ago.