date:Aug 11, 2012
nue to build shareholder value. The Company recorded a one-time charge of C$5.9M to Q2 and 2012 YTD earnings due to break fees and financing fees that were expensed in relation to the refinancing and the paying out of existing debt facilities.
Outlook
Management expects earnings to remain strong in the second half of the year as inventory levels decline and margin improvements from better catch rates are realized in gross margins.
Global demand for seafood is outstripping supply, creating fa