Poor quotas, high raw material prices and an under-performing roe unit drove the Danish herring processor Skagerak Pelagic into the red in 2011.
However, the company is already doing better and expects “significantly better” results in 2012, its chairman and former CEO Iver Espersen said.
Espersen said the loss was also the result of the group’s investments into its new production factory -- which can handle 126,000 metric tons of herring a year -- and a new organization.
“We expect a significantly, markedly better result in 2012.
