Moana NZ posts little-changed full-year profit as returns from lobster, fin fish fall; lifts dividend

Tue, 12 Dec 2017

By Jonathan Underhill Dec. 12 (BusinessDesk) - Moana New Zealand, the iwi-owned company that holds a half stake in Sealord Group, posted a little-changed full-year profit as improved returns from ready-to-eat products and aquaculture was offset by a weaker performance in fin fish and lobster. Profit was $19.27 million in the 12 months ended Sept. 30 from $19.4 million a year earlier, the Auckland-based company said. It didn't immediately provide a revenue figure. It will pay a dividend of $9.7 million, which it said was a record payout, f...

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