Wednesday, February 16, 2011

United Arab Emirates leading aquaculture firm records US$19 million profit

The United Arab Emirates' leading aquaculture company Asmak announced Tuesday a net profit of AED 72.4 million (over US$19 million) for the fiscal year ending 2010. Asmak, which is the international fish farming holding company, earned total revenues of AED503 million in 2010.

Hamad Al Shamsi, chairman of Asmak, said: 'The judicious fine-tuning of our strategy and the diversification of our business interests into distinct areas have significantly contributed to our successful performance.'

'Along with fish farming, which remains our principal business, we continue to invest in a complete portfolio of aquaculture areas such as breeding, processing and trading of the finest fish strains and fisheries products at competitive prices. This has established us as one of the most comprehensive sources for seafood in the region.' Read more ...

This blog is written by Martin Little The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers.

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