Moana NZ posts 22% gain in full-year profit on increased Sealord return, lifts dividend to iwi owners

Thu, 15 Dec 2016

By Jonathan Underhill Dec. 15 (BusinessDesk) - Moana New Zealand, the rebranded Aotearoa Fisheries that holds a half stake in Sealord Group, posted a 22 percent gain in full-year profit allowing the company to increase its dividend for its iwi owners. Profit rose to $19.4 million in the year ended Sept. 30 from $16 million a year earlier, the Auckland-based company said. Revenue was about $170 million. It will pay a dividend of $8.2 million, from $6.4 million a year earlier. In its interim report, Moana had said it was on track to deliver...

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