Pacific Andes' Q1 results lifted by subsidiary China Fishery
Frozen seafood supplier Pacific Andes Resources Development saw its first-quarter revenue rise 2 per cent to HK$2.4 billion, boosted by its unit China Fishery Group.
Revenue from the fishery and fish supply division increased by 34.4 per cent to HK$1.1 billion for the three months to Dec 28, compared with the same period a year ago, reported the firm on Tuesday (Feb 11).
This makes up 46.7 per cent of total revenue.
This was mainly due to contributions from Copeinca ASA, the fishmeal and fish oil business recently acquired by China Fishery.