close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
2 mins to read

Sealord owner posts loss as wild catch disappoints

Costs of software system add to bottom line pressure on iwi/Japanese owned fishing company.

Sealord produces fish products from its processing plant in Nelson.

NBR Staff Mon, 08 Jan 2024
Key points
  • Revenue: Down 3% to $447.3m.
  • 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).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
NBR Staff Mon, 08 Jan 2024
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: Down 3% to $447.3m.
  • 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.
Sealord owner posts loss as wild catch disappoints
General Business,
102273
true