High Liner Foods (TSE:HLF) has released an update.
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High Liner Foods has reported a strong first quarter for 2024 with a significant growth in Adjusted EBITDA by $3.0 million, marking a 9.6% increase from the previous year. Despite a 13% decrease in sales volume and a 15.9% drop in sales revenue, the company has seen a rise in net income by 19.4% and a substantial increase in cash flow from operations. This financial uptick has been attributed to improved profit margins, a more profitable product mix, reduced costs, and a strategic reduction in unprofitable business segments.
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