Estonian seafood group's earnings slip year-on-year

Estonian seafood firm PRFoods saw earnings slip more than 70 percent in the third quarter of its current fiscal year.

Earnings before interest, taxation, depreciation and amortization of the group were €210,000 ($234,364) in the third quarter of this fiscal year compared to €710,000 ($792,374) during the first quarter of 2018.

The group’s revenues dropped 20.3 percent to €18.12 million ($20.2 million) compared with quarter one last year, on the back of slower sales from Estonia to Finland and a decrease of trading revenues.