Canada-based Clearwater Seafoods saw its earnings before interest taxes depreciation and amortization (EBITDA) hit CAD 27.5 million (€18.4 million/$21.8 million) for the second quarter of 2017 -- equal to the same period a year ago -- despite strong clam and scallop sales.
However, the company is optimistic on the remainder of the year.
For the second half of the year, Clearwater anticipates margins to increase with favorable changes in sales mix, higher selling prices for select species, increasing shrimp volumes as well as the benefits associated with implementation of the trade agreement known as CETA in late in the third quarter of 2017.
