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Pacific Andes Q2 profit falls 46% to HK$174.1m
Published Mon, May 12, 2014 · 10:00 PM
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.
Revenue fell 10.3…
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