Market analysts praised Canadian shellfish giant Clearwater Seafood's first quarter results, highlighting the company's sales to the lucrative Chinese market as a main reason for its steady performance.
Clearwater reported an increase in earnings in the first quarter of 2019 despite flat sales.
Earnings before interest, taxes, depreciation and amortization (EBITDA) was CAD 20 million (€13.2 million/$14.8 million), up 4.7 percent from the same period a year earlier. Sales over the period flat-lined at CAD 120 million (€79.5 million/$89.1 million).
