Clearwater Seafood improves Q3 revenue, profits; expects strong Q4 performance

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HALIFAX - Clearwater Seafoods Inc. (TSX:CLR) has posted improved revenues and a huge increase in third-quarter net earnings thanks to a large unrealized foreign exchange gain. Halifax-based Clearwater, one of North America's largest vertically integrated seafood companies, said it earned net income of $17.6 million or 27 cents per diluted share in the three months ended Sept. 20. That was up from $5.1 million or five cents per diluted share in the comparable period a year ago when the company also had 20 per cent more shares.

Organizations: Clearwater Seafoods Inc., TSX

Geographic location: Clearwater, North America

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