December 12, 2014
Aotearoa Fisheries back in profit
Iwi can count on a dividend from the fisheries settlement this year, with pan-Maori Aotearoa Fisheries declaring a consolidated profit of $21.9 million for the year ended 30 September.
Directors have declared a dividend of $8.8 million.
Sealord Group Limited contributed $12.7m to the total after recording a $6 million last last year.
AFL chair Whaimutu Dewes says the result was slightly ahead of plan and reflected a lot of hard work in several areas.
"The fishing operation and the product channel to market is showing the result of the work going in and the potential. The work with the people and also our work on ensuring that we understand and can live the philosophy of being at one with Tangaroa and Tangaroa at one with us," he says.
Mr Dewes says the company still faces headwinds but 2015 should be a good year.
Aotearoa Fisheries manages commercial seafood assets of over $530 million including inshore fishing businesses Moana Pacific and OPC Fish and Lobster, paua and ready-to-eat meals exporter Prepared Foods, oyster producers Kia Ora Seafoods and Pacific Marine Farms and 50 per cent of Sealord Group.
FOR THE FULL INTERVIEW WITH WHAIMUTU DEWES CLICK ON THE LINK
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