Canadian seafood company Fishery Products International (FPI) has reported a sharp rise in first-quarter net income, driven by higher sales.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


FPI posted net income of C$1.7m (US$1.2m), or 11 cents per share, for the first quarter to 3 April, compared to net income of $0.9m, or 6 cents per share, for the same period of 2003.


Sales for the first quarter were $198.0m, compared to $172.1m in the year-ago period.


CEO Derrick Rowe said the company’s marketing and value added business had invested considerably in new product innovation and in sales and marketing expertise, a move that is starting to pay off.


The company said the latest quarter’s results were boosted by new business with national accounts, increased sales of products introduced in 2003 in retail and club stores across the US and Canada, favourable warm-water shrimp margins, and an early Lenten season, resulting in higher demand for fish products.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact