UK fish trader and processor New England Seafood this week reported weaker results in 2018 due to major investments, restructuring costs, and a slowdown in sales towards the end of the year.
Operating profit before exceptional items and amortization fell 6.6 percent to £5.6 million (€6.1 million/$6.8 million) over the period, while operating profit fell 27.3 percent, to £3.2 million (€3.4/$3.87 million).
Sales rose by 2.2 percent, reaching £154.8 million (€167.5/$187.5 million) over the period.
Despite the weaker results, the company is satisfied with its performance.
