Market News
23Feb2007 |
High Liner Swings to Profit in Q4High Liner Foods Inc. says it has rebounded in its fourth-quarter, posting a profit of $1.3 million, which compares to a loss of $44.5 million that the company posted a year ago. In Q4 of 2005 the Lunenburg, N.S.-based company was impacted by a huge write-down related to the sale of its Italian Village pasta business. With renewed focus on its core seafood business, High Liner said sales for the quarter ending December 31, 2006, increased 5.5% reaching $65.7 million. Source: Canadian Grocer E-Newsletter, February 23, 2007. 
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