After reporting its best ever results Friday, Royal Greenland's CEO Mikael Thinghuus said he is pleased about the state of the Greenlandic seafood company, though he acknowledges that maintaining its strong position will be challenging in difficult processing and market conditions.

"I am overall happy with the results -- we can now focus on strategic operations going forward," Thinghuus told IntraFish.

But this won't come easy -- as noted in the annual results, the quotas for coldwater shrimp, one of Royal Greenland's premium products, have decreased in the last year, and with tightened access to raw material sources, the trick is to get the best prices.

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