Nissui credits increased catch volumes for $200m profit in Q3 FY2025

Nissui credits increased catch volumes for $200m profit in Q3 FY2025

Regarding Nissui’s processing and trading activities in Japan, although performance improved from the third quarter onward due to increased sales volume of fish oil and the effect of price revisions for salmon and trout, sales and profit decreased on a cumulative basis, reflecting the impact of the first half.

In the processing business in North America, in addition to the pollock fillet production ratio improving, higher sales prices of surimi also contributed, resulting in a significant improvement. In the trading business, sales remained firm, particularly for group products such as salmon and trout, cod, and crab. As a result, sales and profit increased.

Although sales remained firm in Italy, the Benelux countries, and UK, sales in Europe increased but profit decreased due to higher expenses associated with CSRD compliance, among other factors.

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