Wednesday, 14 May 2008

China Fishery Q1 2008 Results

CHINA FISHERY POSTS 33% RISE IN 1QFY2008 NET PROFIT TO US$40.4 MLN

> Oganic growth in trawling operations reflected in increased catch volume and higher product prices
> Group maintains stable financial profile through prudent policies

>Fishmeal prices recovered from lowest levels in late-2007 and expected to remain stable in year ahead
> Upgraded supertrawlers to be deployed to the South Pacific Ocean for new fishing operations

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