Profits at fish processor Errigal Seafood decrease by 51%

Pre-tax profits at one of the country’s largest fish processors Errigal Seafood decreased by 51% to €216,501 in 2013.

Newly filed accounts for Earagail Eisc Teoranta show that the firm recorded the drop in profits in spite of increasing revenues by 4% or €935,000 from €24.076m to €25.011m.

According to the directors’ report for the 12 months to the end of December 2013, “the business delivered a positive set of results in an extremely challenging economic climate”.