United Kingdom-based Shetland Catch, under its largest shareholder Norway Pelagic (50 percent) saw its turnover drop 12.9 percent to £63.6 million (€80.2 million/$108.2 million) from the previous year’s £73 million (€92 million/$124.2 million).
Despite this, the company posted a net profit of £2.5 million (€3.3 million/$4.4 million) for the year ended March 31, an increase of 121 percent from £1.1 million (€1.5 million/$2 million) in 2012.
Its earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to £4.3 million (€5.4 million/$7.2 million), up from £2.8
