Canadian frozen seafood giant High Liner said it expects new product innovations will take time to deliver results, as it concentrates on selling "the right product to the right customer at the right price".

This comes after the company this week reported an improvement in its second quarter earnings. The company is now entering the second year of its business turnaround plan, and company CEO Ron Hepponstall told investors Wednesday during a conference call that he is pleased with the company's progress.