Finance

‘Significant increases’ in costs push UK processor into the red in 2022

Nevertheless, the company considers the result as a reasonable performance given the ‘extremely challenging conditions’ during the year.

"The second half of the year saw demand weaken significantly which impacted on sales and resulted in global overstocking with its depressive effect on margins," said Iqbal Ahmed, CEO of Seamark.
"The second half of the year saw demand weaken significantly which impacted on sales and resulted in global overstocking with its depressive effect on margins," said Iqbal Ahmed, CEO of Seamark.
Published 3 August 2023, 18:41Updated 3 August 2023, 18:41
United KingdomEarningsFarmed shrimpInflationShipping