Pacific Andes Q2 profit falls 46% to HK$174.1m

Singapore

SECOND-QUARTER earnings for frozen fish supplier Pacific Andes Resources Development (Pard) and its subsidiary, China Fishery, took a hit from increased financing costs relating to the latter's Copeinca acquisition.

Pard's net profit fell 46 per cent year on year to HK$174.1 million (S$28.1 million) for the three months ended March 28, 2014.