Hong Kong-based seafood importing and distribution firm Ocean One Holding recently reported disappointing financial results for the middle two quarters of 2024, underlining the continued decline of Hong Kong as a major center for imported seafood.
According to an official filing to the Hong Kong stock exchange, Ocean One reported that its revenue fell 16.5 percent to HKD 201 million (USD 25.8 million, EUR 25.1 million) for the six months ending 30 September 2024.
The company said the fall in revenue was “primarily due to a decrease in sales of products such as Arctic clams, Canada spot prawns, baby octopus, China-processed scallops, and more,” according to a statement of the company’s results posted to investors.
For the six-month period, the group also recorded a net profit of approximately HKD 20 million (USD 2.6 million, EUR 2.4 million), as compared to a net profit of approximately HKD 21.4 million (USD 2.8 million, EUR 2.7 million) for the same period a year prior.
This marked a …
