December 12, 2017
Moana payout boosted on strong result
Posted On December 12, 2017
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Strong performance in its aquaculture and Ready-to-Eat divisions have taken Moana New Zealand to a $19.27 million profit for the year ending September 30.
It means the company, formerly known as Aotearoa Fisheries, can pay out $9.7 million in dividends to its 58 iwi shareholders.
Chief executive Carl Carrington says there was some downward pressure from a softening in prices for lobster and fin fish in the Chinese market.
Sealord, which is half owned by Moana, had a strong year, especially for hoki.
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