Domstein looks forward to a profitable second half

Oslo-listed Norwegian whitefish supplier Domstein might have posted poor quarterly results last week, but is geared toward a profitable fourth quarter, said Keith Elliott, company CFO.

Domstein had acquired Fram Foods, a processor with operations in Iceland, Norway and Finland, in a deal worth €500,000 ($648,250) last year, and the sales and administration departments of the two companies have been successfully integrated, Elliott told IntraFish.

"We expect to be profitable in the second half," said Elliott. "Usually the fourth quarter of the year is the most successful for a company like ours, which makes value-added meals, because of the Christmas season."

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