Net profit: A loss of $4.1m, down from profit of $6.7m.
Key takeaway: Higher costs combine with poor wild catch to offset strong aquaculture performance.
The owner of fishing company Sealord Group, Kura Ltd, has reported a $4 million loss for the year to September 2023 as higher costs from debt and software implementation ate into earnings.
Revenue for the year was $447.3m, down from $461.9m a year earlier.
Sealord, operator of a deep sea fishing
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).