Tuesday, August 10, 2010

HighLiner Foods Reports Growth in Profits


Lunenburg based High Liner Foods is continuing to grow in profitability. Second quarter financial results show the frozen seafood company reported its net income increased 6.5 percent to $4.4 million, or 28 cents per share. Sales for the quarter were $134.7 million . Company president and CEO Henry Demone says second quarter results were highlighted by growth in profitability across all key measures Demone, says their bottom line continued to benefit from lower input costs and a stronger Canadian dollar, as well as ongoing commitment to cost management.