Iceland Seafood International (ISI) is revising its profit outlook for the year as "rapid and substantial price increases" continued to plague the company's bottom line in the second quarter.

The group has changed its profit before tax outlook for 2022 to between €9 million ($9.2 million) and €14 million ($14.3 million), down from the original range of between €11 million ($11.2 million) and €16 million ($16.3 million).