Feb. 13 2003 - The Wave News Network - American Seafoods Group LLC announced Wednesday its results for the fourth quarter and year ended December 31, 2002.

Net sales decreased 13.6 percent for the quarter to $72.4 million compared to $83.8 million during the same period in the prior year. EBITDA (earnings (loss) before net interest expense, income tax benefit or provision, depreciation, amortization, unrealized foreign exchange gains or losses and non-cash equity-based compensation) increased 9.6 percent for the quarter to $20 million compared to $18.2