Tuna Seller Alliance Select Triples Q1 Net Income
Tuna cannery Alliance Select Foods International Inc. (ASFII) said Monday that its net income after tax (NIAT) in the first quarter of 2025 reached $215,000 (about P12 million), more than triple or 219% higher than earnings booked in the same period last year.
In a disclosure to the stock exchange, the company said "NIAT improved despite an 8% decrease in net revenue resulting from lower volume of key products."
The tuna exporter said gross profit in the period reached $1.82 million, up 15% compared to the same period last year...
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