Sealord returns to annual profit, takes provision for Nelson job cuts

Mon, 22 Dec 2014

By Suze Metherell Dec. 23 (BusinessDesk) - Sealord, New Zealand's second largest fishing company, returned to profit in the 2014 year, while taking payroll provisions as it prepares to downsize its Nelson wetfish factory. The Nelson-based company reported a net profit of $25.3 million in the 12 months ended Sept. 30, turning around a loss of $44.4 million a year earlier, when it wrote off $37.1 million from the sale of its Argentinian unit, according to holding company Kura’s financial statements, lodged with the Companies Office. Sales s...

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