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,...

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