Alliance Select trims losses on strong sales

By Brix Lelis

Apr 16, 2024 12:28 am

TUNA exporter Alliance Select Foods International Inc. narrowed its consolidated net loss by 25 percent to $2.6 million (about P147.6 million) in 2023 from the $3.5 million (about P198.6 million) incurred a year earlier.

The homegrown seafood firm told the stock exchange on Monday that it continued to face headwinds last year amid the high interest rate environment and higher expenses that 'climbed in tandem with inflation.'

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