ISI posts H1 loss, says UK business stabilization will take longer than expected

Published on
August 9, 2022
Iceland Seafood International CEO Bjarni Ármannsson

Rapid price increases seen across all its business areas has Iceland Seafood International (ISI) expecting to post a H1 2022 loss before tax of EUR 1.8 million (USD 1.8 million).

In its draft results statement for the six-month period spanning January to June 2022, the Reykjavik, Iceland-headquartered seafood firm said its Northern European value-added business has been especially impacted by price increases, as it mostly relies on sales to retail customers – where it takes more time to pass on price increases to customers than in foodservice …

Photo courtesy of Iceland Seafood International

Contributing Editor reporting from London, UK

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