UK seafood processor Seamark returned to profit in 2017, as revenues grew 12.6 percent during the year, a result of growing exports and a more established raw material supply in spite of the uncertainties created by Brexit, the company said.

Operating profit amounted to £3.5 million (€ 4 million/$4.7 million) during the year, a significant turnaround from the £687,498 (€786,044/$927,813) loss posted in 2016.

Sales amounted to £62.4 million (€71.4 million/$84.3 million), up 12.6 percent over the year prior. Exports in 2017 increased 15.8 percent from 2016.

The investment made in 2016 in catering unit Vermilion Hall also contributed to the turnover increase, the company said.

Going forward, the company said Brexit has created market uncertainties and could impact the company’s profitability, it also said it could have an impact on investment opportunities.