Royal Greenland Say Half-Year Results Shows ‘Signs of Stabilization’ Amid Turnaround Plans
Seafood company Royal Greenland shared its half-year financial results, which showed signs of stabilization despite ongoing challenges.
While Royal Greenland's net profit before tax improved from H1 2023 (DKK -113 million) to DKK -59 million, the company said the result was “unsatisfactory.” Revenues, on the other hand, increased by 3.7% to DKK 2.64 billion ($390 million), which indicated signs of stability.
“However, the result was negatively impacted by DKK 90 million compared to last year, mainly due...
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