Iceland Seafood International (ISI) is revising its profit outlook for the year as "rapid and substantial price increases" continued to plague the company's bottom line in the second quarter.

The group has changed its profit before tax outlook for 2022 to between €9 million ($9.2 million) and €14 million ($14.3 million), down from the original range of between €11 million ($11.2 million) and €16 million ($16.3 million).

Draft numbers for the first half of 2022 indicate a loss before tax of €1.8