Against the odds, newly acquired UK supplier New England Seafood reels in growing profits

Despite the “challenging trading environment” caused by the COVID-19 pandemic and Brexit, UK seafood heavyweight New England Seafood International's (NESI) recent financial performance was strong, the company said.

The group, acquired last year by Alaska Native Corporation Sealaska, posted a profit before tax for the 14-month period* to Dec. 31 of £4.5 million (€5.3 million/$3.9 million) and earnings before interest, tax, depreciation, and amortization (EBITDA) of £7.7 million (€9.1 million/$6.6 million).

In the period through the end of October 2019, profit before tax was £2 million (€2.4