Japanese seafood firms’ results show higher costs on weak yen
date:May 26, 2014
dded sashimi products including sliced mackerel, salmon and shrimp were the main profit drivers, but the company expects to see a fall in profits from such luxury items after the sales tax hike that took effect this April, as consumers may resist higher prices.

Revenue in the frozen food segment rose 10.9 percent, as the company launched a new retail brand called Sea Marche in June 2013, but the weak yen increased costs while consumers resisted price increases, resulting in a 60 percent drop in
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