Pacific Andes International Holdings' seafood processing operations in Qingdao, China, narrowed fiscal first quarter losses to HKD11.1 million (€1.3 million/$1.4 million), from HKD15.9 million (€1.8 million/$2 million) a year earlier.

The division processed and purchased 15.6 million pounds of fish fillets and portions in the first quarter ended Dec 28, 2018.

During the quarter, the group sold 25.6 million pounds of fish fillets and portions.

Combined unaudited turnover of HKD 123.4