Faroe Seafood was losing money for "several difficult years" but a positive first half of means the company this year expects to turn a profit.
In 2008, tight liquidity, limited operational opportunities, catches were down and the international financial crisis hit worldwide trading, the company said.
This resulted in a refinancing of the company, concluded in September.
"The return to profitability results from a programme of rationalization which was designed to maximize efficiencies in the catching, processing and sales operations," the company said.
Restructuring
