Clearwater Seafood co-owner Premium Brands saw its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) climb nearly 17 percent in the second quarter of the year to CAD 130.8 million (€99.3 million/$100.9 million).

The company said it is seeing "signs of a return to more normal market conditions."

The group also posted a record second quarter revenue of CAD 1.52 billion (€1.2 billion/$1.2 billion) representing a 23.1 increase over the same period a year ago.

The Canadian manufacturing and distribution giant is the co-owner of Canadian shellfish harvestor and processor Clearwater Seafood, which it acquired in January 2021 in a deal worth around CAD 1 billion (€759.6