| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » Frozen & Deli Food » Topic

Frozen Fish Come Through for Pacific Andes

Zoom in font  Zoom out font Published: 2012-12-03  Authour: Foodmate Team  Views: 36
Core Tip: Sales were off at Pacific Andes Resource Development (PARD), subsidiary of Hong Kong-based Pacific Andes International Holdings Limited, but frozen fish revenues were up, and so were net profit and EBITA for the company.
Sales were off at Pacific Andes Resource Development (PARD), subsidiary of Hong Kong-based Pacific Andes International Holdings Limited, but frozen fish revenues were up, and so were net profit and EBITA for the company.

PARDs revenue dropped by 1.4% to HK$D 9.6 billion (US$ 1.239 billion) mainly because of a 11.9% drop in revenue from the fishery and fish supply division, but that was partially counteracted by a 11.5% rise in revenue from the frozen fish SCM division. EBITDA jumped by 10.7% to HK$ 2.5 billion (US$ 322.5 million), while net profit climbed by 0.8% to HK$ 627.7 million (US$ 80.9 million).

Revenue from the frozen fish SCM Division, which accounted for 50.8% of total revenue, jumped to HK$ 4.9 billion (US$ 632.2 million), due mainly to higher sales volumes. Revenue from the fishery and fish supply division, which made up 49.2% of total sales, slid to HK$ 4.7 billion (US$ 606.4 million). PARD has processing units in China, Japan, United States and Peru.

 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate