Premium Brands, the co-owner of Canada-based Clearwater Seafoods, posted increased sales and profit last year, and the company made "solid progress" on key metrics, according to its CEO.

In 2021, the company saw its revenue grow from the previous year by 21.2 percent to $4.9 billion (€4.9 billion).

Premium Brands posted a 37.8 percent increase in adjusted earnings before interest, taxes, depreciation (EBITDA) in 2021 to $430.7 million (€430 million) "driven by both organic growth and acquisition initiative," said Premium CEO George Paleologou in a letter to shareholders.