NZ Coastal Seafoods says liquidating NZ business will save $500k a year

NZ Coastal Seafoods says liquidating NZ business will save $500k a year
The liquidated New Zealand operation is providing the Australian arm with some breathing room. (Image: Getty)
Staff reporters
The Australian mothership of a seafood company says liquidating its New Zealand operations should save it over A$500,000 (NZ$553,000) annually.New Zealand Coastal Seafoods (NZCS) released its annual report earlier this week, with its shares having not traded in over a year.It joined the ASX in 2019 via a reverse takeover.In April this year, NZCS put its Christchurch-based NZ operation, NZCS Operations Ltd, into liquidation.The company's annual report said its directors expected winding up the NZ operation should save it over A$500,000 a yea...

More Primary Sector

Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025
Scott Technology's revenue drops 14%
Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Riley Kennedy 16 Apr 2025