High Liner Foods Reports Earnings Jump in Back-to-back Years
Value-added frozen seafood company High Liner Foods reported its financial results for Q4 and the fiscal year 2020 touting an increase in its adjusted EBITDA in back-to-back years.
For the year, High Liner’s adjusted EBITDA as a percentage of sales increased to 10.6% compared to 9.1% and Adjusted EBITDA increased by $2.7 million, or 3.2%, to $88.0 million compared to $85.3 million. The company’s net income also increased by $18.5 million, or 179.6%, to $28.8 million compared to $10.3 million...
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