Canadian frozen seafood giant High Liner posted a 37 percent increase in full year 2019 earnings before interest, taxes, depreciation and amortization (EBITDA) to $85.3 million (€78.5 million).

This came despite revenue falling 10 percent to $942 million (€867.3 million) and as sales volumes declined 9 percent from a year earlier to 258.8 million pounds

Sales volumes were down on lower in the company's retail and foodservice businesses, lost business in the second half of 2018 and the fourth quarter of 2019, and the dropping of low margin business, which was partially offset by new business and new product sales, the company said.