Royal Greenland on Monday reported record-high earnings for 2021, helped by higher prices and booming demand across the majority of its markets.

The group, which is controlled by the Greenlandic government, harvests and processes primarily North Atlantic wild species, including coldwater prawns, crab and cod.

Royal Greenland posted earnings of DKK 326 million ($46 million/€43 million), a turnaround from a 2020 loss.

While the 2019 pre-tax profit was slightly higher, that figure included a one-time profit of DKK 141 million ($20 million/€19 million) from the sale of some of the company’s trawlers.