Asmak's full-year losses widen to Dh240.5 million | The National:
"The company that plans to bring salmon farming to Abu Dhabi reported deepening losses last year despite rising sales.
Asmak, an Abu Dhabi-based fish farming holding company, netted a full year loss of Dh240.5 million, the company said in a filing to the Abu Dhabi Securities Exchange.
It lost Dh141.3m the year before.
The losses are attributable to increased investment in the company’s hammour and sea bream facilities in Saudi Arabia, as well as investment in a salmon farming facility in Abu Dhabi’s Western Region, according to the marketing manager Tamer Yousef."
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