20th Jul 2015 06:59
LONDON (Alliance News) - Aquatic Foods Group PLC Monday said trading in the first five months of 2015 continued in line with expectations as the company reported a 26% lift in revenue.
The Chinese marine foods and seafood processor and producer said revenue in the five month period ended May 31 totalled CNY369 million, compared to CNY292 million a year earlier. The company said the rise was a result of increased sales of fish, including mackerel sourced from Iceland, Ireland, Scotland and Norway, and of saury, a fish used for bait.
The company said its expectations for the full year remains unchanged.
Aquatic Foods is also continuing discussions about increasing its processing and cold storage capacity and will update the market "in due course".
Aquatic Foods will hold its annual general meeting later Monday.
By Joshua Warner; [email protected]; @JoshAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
AFG.L