Clearwater Revenues Down in 1st quarter
SEAFOODNEWS.COM [SeafoodNews] - May 9, 2018
Sales and Earnings for Clearwater were down for the first quarter, the company reported yesterday.
Total sales were $CA 120.1 million vs $CA 128.4 million last year. EBITDA was $19.1 million vs. $19.8 million in the year ago period.
Clearwater will lose 30% of their quota in the clam fishery, as they have seen a Quota cut of 25%, and a modest reduction in the overall harvest TAC.
The company also expects more difficult scallop markets due to market pressure on prices from the increased supplies of US scallops...
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