Land-based turbot and sole farmer Stolt Sea Farms (SSF) lifted operating profits 38 percent year-on-year to $1.2 million (€991,000), however, revenues took a hit over the pandemic-filled year.
Revenues were down 25 percent in the fourth quarter of 2020, as volumes and prices decreased with the closure of restaurants and hotels in southern Europe, where SSF's main market for turbot lies.
Prices and volumes recovered in the third quarter only to be impacted again with the second COVID-19 wave and lockdown.
