Sealord lifts annual net profit 31%

Thu, 27 Dec 2018

By Jenny Ruth Dec. 28 (BusinessDesk) - The Sealord Group lifted annual net profit 31 percent after it shed a loss-making venture and as earnings from continuing operations climbed 11.4 percent. New Zealand’s second-largest fishing company reported a $24.3 million net profit for the year ended September, up from $18.5 million the previous year. The year-earlier result for Sealord, which is half-and-half owned by iwi vehicle Moana New Zealand and Japan-based Nippon Suisan Kaisha, or Nissui, had been dragged down by a $3.2 million net los...

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