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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

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NBR Staff Mon, 08 Jan 2024
Contact the Writer: editor@nbr.co.nz
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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