Pacific Andes’ 2Q, 1H revenues spike

By

SeafoodSource staff

Published on
May 9, 2012

Pacific Andes International Holdings Ltd. has reported its second-quarter and first-half results for fiscal 2012, which ended on 31 March.

Pacific Andes Resources Development Ltd. posted a 35.3 percent increase in second-quarter revenues to HKD 3.32 billion, and a 37.8 percent increase in first-half revenues to HKD 5.77 billion. Second-quarter gross profit totaled to HKD 808.2 million (up 30.9 percent), while first-half gross profit reached to HKD 1.18 billion (up 18.4 percent).

As for Pacific Andes’ China Fishery Group Ltd. division, it posted an 18.8 percent increase in second-quarter revenues to USD 219.7 million, and a 15.1 percent increase in first-half revenues to USD 345.5 million. Second-quarter gross profit totaled to USD 80.8 million (up 23.3 percent), while first-half gross profit reached to USD 119.2 billion (up 10.1 percent).

Both are listed on the Singapore Exchange Securities Trading Ltd.

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