British distributor F Smales and Son saw its turnover drop in the financial year of of 2013, but profits skyrocketed 61.6 percent to £1.6 million, up from £1.02 million (€1.3 million/$1.7 million) in the previous year.
Turnover for the year ended Aug. 31, 2013, dropped 11.1 percent, down from £93.8 million (€117 million/$159.2 million). This is mainly due to a fall in both the purchase and selling price of frozen at sea fillets, the company said in its report.
Smales’ were unavailable to comment to IntraFish prior to publication of this article.
Its
