High Liner sees adjusted earnings rise following acquisition but net loss continues

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LUNENBURG, N.S. - High Liner Foods Incorporated (TSX:HLF) posted a net loss of just under US$2.7 million or 18 cents per share in the fourth quarter, as the Nova Scotia-based company continued to record one-time integration costs related to its acquisition of Icelandic USA. Excluding those costs and other non-cash items, High Liner's adjusted income was US$10.6 million, or 68 cents US per share. The frozen seafood producer's revenue increased to US$217.6 million.

Organizations: High Liner Foods, TSX, Icelandic USA

Geographic location: LUNENBURG, US

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