Net sales for the Seattle-based company increased 35.3% to $72.9 million, compared with $53.9 million during the same period in the previous year - an increase of nearly $20 million. Net income, meanwhile, increased $13.3 million for the quarter to $8.1, compared to a loss of $5.2 million in same period a year earlier.
Bernt Bodal, Chairman and CEO, said in a release: "We are enthused about our third quarter financial results. Not only is operating performance ahead of the prior year, it is also in line with our expectations, based on the pricing trends for our surimi and block products.
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American Seafoods sales up 35%
Seattle (WA), USA: American Seafoods Group LLC announced glowing third quarter results on Tuesday, amid a still-deflated US economy.
7 November 2002 6:03 GMT
Updated
10 July 2012 6:19 GMT