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Sapmer in the red as earnings tumble on tuna price drop

Dive in tuna prices, compounded by unfavorable exchange rates for toothfish and rock lobster sales saw the French group make a loss of €3.75m in first six months of the year

By Undercurrent News | Sept. 17, 2014 18:14 BST
Sapmer posts €11.9m loss as tuna sales dive
Sapmer's Tuna Processing Services Indian Ocean plant in Port Louis, Mauritius, which opened in July 2013, processes yellowfin and skipjack, mainly into loins, most of which as sashimi quality.
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Strong euro, weak yen cost Sapmer its €100m sales target

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The drop in tuna prices took its toll on Sapmer's bottom line in the first half of the year [...]

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