date:Nov 29, 2012
Sales were off at Pacific Andes Resource Development (PARD),subsidiary of Hong Kong-based Pacific Andes InternationalHoldings Limited, but frozen fish revenues were up, and so werenet profit and EBITA for the company.
PARDs revenue dropped by 1.4% to HK$D 9.6 billion (US$ 1.239billion) mainly because of a 11.9% drop in revenue from thefishery and fish supply division, but that was partiallycounteracted by a 11.5% rise in revenue from the frozen fish SCMdivision. EBITDA jumped by 10.7% to HK$ 2.