Spanish fish and seafood products company Pescanova has posted a net profit of €5.0m (US$5.8m) for the first quarter of 2003, up 2.47% compared to the year-ago period. The company's turnover for the quarter was €201.8m, a rise of 6.7% year-on-year. The company said it expects to increase its 2003 full-year profit due to lower operating costs.