Aotearoa Fisheries back in black in 2014 as Sealord returns to profit

Fri, 12 Dec 2014

By Paul McBeth Dec. 12 (BusinessDesk) - Aotearoa Fisheries, which manages more than $530 million of fisheries assets for its iwi shareholders, returned to profit in the 2014 financial year after its major investment, Sealord group, was back in black after exiting its unprofitable South American business. The Auckland-based company reported a profit of $21.9 million in the 12 months ended Sept. 30, turning around a loss of $6 million a year earlier, it said in a statement. That was largely due to a $12.7 million contribution from Sealord,...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
Xero’s US revolving door continues to spin
Jenny Ruth | Thu, 18 Aug 2022

Xero’s progress in Britain continues to be “more subdued than we’d like”, chief executive Steve Vamos told the annual shareholders’ meeting.

Art
Artists could get resale royalties – but what about TradeMe?
Warren Feeney | Thu, 18 Aug 2022

Those in the art world are asking where TradeMe fits into the conversation as NZ starts to pay artists a percentage of the resale of their works.

Property
Higher house prices not caused by build costs – Treasury
Brent Melville | Thu, 18 Aug 2022

Restricted land supply has been a prime driver of housing inflation, a new report says.

Sponsored
In uncertain times, bricks and mortar hold steady

Can real estate provide a hedge against high inflation? Scott McKenzie, CEO of PMG Funds, talks about why tangible assets can be defensive and how PMG’s latest investment offer will help make the fund more resilient.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.