Canadian shellfish giant Clearwater reported a 12 percent increase in third quarter earnings, helped by strong harvest conditions, landings and available supply in scallops, clam and langoustines.
This was partially offset by competitive market conditions for scallops, particularly in smaller sizes, and frozen at sea (FAS) shrimp, the company said.
Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter came in at CAD 34.5 million (€23.7 million/$26.3 million).
Sales for the period grew 7 percent, to CAD 175.2
