American Seafoods Group LLC posted higher sales but lower profits in the quarterly period ended March 31, according to the company’s latest filing with the Securities and Exchange Commission.
American Seafoods, one of the largest whitefish producers in the United States, reported net income of $21.4 million, down 9.4 percent from the $23.6 million recorded in the year-earlier quarter, the Seattle-based company said in its quarterly 10-Q filing.
While the company posted a 21 percent gain in revenues, from $111.1 million to $134.9
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American Seafoods posts higher sales, lower profits
American Seafoods Group LLC posted higher sales but lower profits in the quarterly period ended March 31, according to the company’s latest filing with the Securities and Exchange Commission.
24 May 2004 9:04 GMT
Updated
10 July 2012 7:58 GMT