Stolt-Nielsen aquaculture subsidiary Stolt Sea Farm on Monday reported a sharp rise in profit in its 2016 fiscal year, the result of stronger average sole and turbot prices.
Stolt reported a full year operating profit of $14.1 million (€13.1 million), a turnaround from a meager $400,000 (€372,000) earnings the year prior.
Sales, meanwhile, also jumped, climbing 14 percent to $65.4 million (€60.8 million), up from $57.3 million (€53.3 million) last year.
The fourth quarter, however, was mixed for the group The company reported an operating revenue of $15.9
