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High Liner Foods reports first quarter financial results

  //house-home.news-articles.net/content/2010/05/1 .. ods-reports-first-quarter-financial-results.html
  Published in House and Home on Tuesday, May 11th 2010 at 9:10 GMT by Market Wire
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 - Adjusted EBITDA increased 7.4% to $14.1 million on lower reported sales; - Net income improved to $7.2 million, or $0.39 per share, compared to $6.7 million, or $0.36 per share; - Sales volume (measured in pounds) increased 3.0%, with increases in both Canadian and U.S. operations. 

 ------------------------------------------------------------------------- (Amounts in thousands of Canadian $ except per share amounts) ------------------------------------------------------------------------- Thirteen weeks Thirteen weeks ended April 3, 2010 ended April 4, 2009 ------------------------------------------------------------------------- Sales 165,113 183,276 ------------------------------------------------------------------------- Adjusted EBITDA 14,075 13,105 ------------------------------------------------------------------------- Net income 7,234 6,696 ------------------------------------------------------------------------- Adjusted net income(1) 7,234 7,299 ------------------------------------------------------------------------- Earnings per Common Share: ------------------------------------------------------------------------- Net income $0.39 $0.36 ------------------------------------------------------------------------- Adjusted net income(1) $0.39 $0.40 ------------------------------------------------------------------------- (1) Excluding one-time integration costs and non-operating items.