Posted 11/9/2011 2:16 PM by MidnightTrader.com Staff from Midnight Trader in Investing, Commodities

High Liner Foods Incorporated (HLF.TO), a leading North American value-added frozen seafood company, today reported financial results for the thirteen-week period ended October 1, 2011.

Financial and operational highlights for the third quarter include (all comparisons are relative to the third quarter of 2010, unless otherwise noted):

- Sales increased by 12.1% to $161.7 million.

- Sales volume increased by 10.9% to 47.8 million pounds.

- Adjusted EBITDA increased by 2.8% to $12.9 million, or 8.0% of sales.

- Net income increased by 9.4% to $6.7 million, or diluted earnings per share of $0.44, from $6.1 million, or diluted EPS of $0.40.

It also announced that the Board of Directors of the company approved a quarterly dividend of $0.10 per Common and Non-Voting Equity Share payable on December 15, 2011 to shareholders of record on December 1, 2011.

Read more: http://community.nasdaq.com/News/2011-11/high-liner-foods-reports-higher-third-quarter-results-dividend-payout.aspx?storyid=101985#ixzz1dJdlpmn9

frozen food suppliers, frozen seafood