Sealord profit more than doubles 2016 profit

Wed, 04 Jan 2017

By Paul McBeth Jan. 4 (BusinessDesk) - Sealord more than doubled annual profit as the country's second biggest fishing group reaped fatter margins from a larger catch attracting better prices. Net profit climbed to $22.9 million in the year ended Sept. 30 from $8.9 million a year earlier, according to holding company Kura's financial statements, lodged with the Companies Office. Sealord's 2015 profit was restated from $10.1 million to reflect a mistake in the acquisition accounts of Van Diemen Aquaculture, which lowered the group's share...

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