As an exporter, the company has not been hit directly by the recession that engulfed the country last year, Managing Director Eggert Gudmundsson told IntraFish.
“The recession here has hit our staff who are affected by high interest rates and rising prices. But everything we produce is exported, so the company is not a victim of the recession here,” he told Fishing News International.
The company has seen prices for its products fall on some markets, especially for cod products, as the recession has deepened overseas.
HB
