Land-based yellowtail farmer The Kingfish Company reported a solid increase in sales during the first six months of the year as the foodservice sector reopened across Europe and United States.

The company reported €3.8 million ($4.5 million) in sales and a net loss after tax of €3.5 million ($4.1 million) during the first six months of 2021, an increase of 95 percent and 130 percent respectively, on the same period last year.

“We are pleased to see the positive results of our efforts to develop a sector leading and reliable production system for high-value marine seafood,” said CEO Ohad Maiman.