Danish fish and seafood supplier Kangamiut Seafood boosted its profit 42.6 percent in the financial year of 2016 due to increasing prices and sales expansion in new markets.

The group reported a net profit of DKK 28.1 million (€3.8 million/$4.1 million), which was up from the DKK 19.7 million (€2.6 million/$2.9 million) reported a year earlier.

Operating profit jumped 86 percent year-on-year from DKK 15.2 million (€2 million/$2.2 million) to DKK 28.2 million (€3.8 million/$4.1 million).

Revenue grew nearly 20 percent from DKK 1 billion (€134.4