Aotearoa Fisheries posts smaller FY earnings as Sealord profit drops, trims dividend

Tue, 22 Dec 2015

By Sophie Boot Dec. 23 (BusinessDesk) - Aotearoa Fisheries, which manages more than $530 million of fisheries assets for its iwi shareholders, reported a 27 percent decline in annual profit on reduced earnings from its half-stake in Sealord Group. Net profit fell to $16 million in the year ended Sept. 30, from $21.9 million a year earlier, the Auckland-based company said in a statement. Aotearoa Fisheries said the contribution from Sealord, which it jointly owns with Japan's Nippon Suisan Kaisha, was lower than the $12.7 million it recei...

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