Scotland-based International Fish Canners (IFC) posted a 28 percent drop in operating profit in figures filed at Companies House Edinburgh for the financial year through March 31, 2018.
Operating profit dipped to £459,929 (€510,770/$582,937) from £638,057 (€708,588/$808,705).
The year saw the company take controlling stakes in UK seafood processor and trading company Nolan Seafoods, as well as fresh and frozen seafood producer D&G Nolan.
Sales rose 49 percent to £57 million (€63.3 million/$72.2 million) bolstered by the acquisitions.
Nolan Seafoods continued to struggle in the financial year as recent separately published figures show.
