Article: AUST CO TASSAL YR PROFIT UP, AS SALMON PROVES RESISTENT TO DOWNTURN.(Financial report)

SYDNEY, Aug 25 Asia Pulse - Australian Atlantic salmon marketer Tassal Group Ltd (ASX:TGR) has lifted its annual profit by 46.99 per cent due to increased demand for its products.

"Salmon sales are proving resilient to the effects of the global financial crisis," managing director and chief executive Mark Ryan said in on Tuesday in a statement.

Net profit for 2008/09 was $A30.08 million (US$25.19 million), up from $20.47 million in the previous financial year, as revenue increased 24.1 per cent to $357.78 million.

Earnings before interest, tax, depreciation and amortisation gained 29.57 per cent to $49.93 million.

"It is extremely ...

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