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August 12, 2014

Peru

Fishmeal—China Fishery Group

 

On August 11, 2014, the Hong Kong-based China Fishery Group Ltd., a subsidiary of Pacific Andes International Holdings, Ltd., reported a 1.7 percent increase in third-quarter revenues and a 30.9 percent increase in gross profit for the nine-month period that ended 28 June.

 

The group’s third-quarter revenue reached $154.9 million and its net profit hit $ 19.6 million.

 

 

The group’s revenue from its Peruvian fishmeal operations accounted for 78.2 percent of total revenue, an increase of 135 percent to $121.1 million.  The company produced 85,165 metric tons of fishmeal during the quarter at an average selling price of $1,525 per metric ton.

 

Ng Joo Siang, Group Managing Director, said, “We have been transforming the Group so that it is strongly positioned to meet the increasing demand for fishmeal and fish oil from the growing aquaculture and animal farming sectors.”

 

Information: Ng Joo Siang, China Fishery Group, Ltd., Room 3201-10, Hong Kong Plaza, 188 Connaught Road West, Hong Kong (phone +852-2548-2666, fax 852-2548-9666, webpage http://www.chinafisherygroup.com/index.htmlIn Peru: China Fishery Group, Investment S.A.C., Calle Amador Merino Reyna, 307 Piso 9, San Isidro, Lima, Peru (phone +51-1-418-1000, fax +51-1-441-4032).

 

Source: SeafoodSource.com.  Editor, Sean Murphy (smurphy@divcom.com).  China Fishery Group Q3 Profits Increase.  August 12, 2014.

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