Stolt Sea Farm posted $2.96 million (€2.5 million) earnings before interest, taxes, depreciation and amortization (EBITDA) for the first quarter of 2020 ended Feb. 28, reversing a $7.97 million (€6.7 million) loss a year earlier.

"Despite the continued impact of COVID on the hospitality industry, the first quarter saw positive improvements in sales of both turbot and sole because of the strong Christmas period," the company said.

First quarter operating profit came in at $955,000 (€801,277) compared with an $8.8