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Alliance Select optimistic about improved fish supply and raw material prices, boosting growth prospects for 2023

Seafood supplier Alliance Select Foods International Inc. (ASFII) is anticipating a more favorable market landscape in the latter half of 2023, bolstering its growth prospects for the year ahead.

ASFII’s president and CEO Jeoffrey Yulo expressed confidence in the company’s future, citing expectations of an improved fish supply and more favorable raw material prices in the coming months.

“We are expanding our customer base, generating new income streams and steadily improving our manufacturing process,” Yulo said.

“We will continue to build on the momentum of last year’s second half growth,” he added.

ASFII said its first quarter performance showed promising signs of a potential turnaround.

Nevertheless, the company acknowledged the adverse impact of a weakened tuna catch and subsequent global surge in fish prices, which inevitably led to a contraction in margins.

Milyonaryo | Latest News