Umios 1H Operating Income Slides 23% on Aquaculture Write-Down, Japan Cost Pressure
Umios Corporation, the Japanese seafood and protein group formerly known as Maruha Nichiro, reported first-half operating income of ¥14.4 billion (about $91 million) for the six months ended Sept. 30. That was down 23.4% from a year earlier and slightly below the company's plan. An aquaculture inventory write-down and rising costs in Japan outweighed stronger overseas earnings...
To Read Full Story Login Below.