Last updated: December 2009
Please direct all enquiries of this nature to the Share Registrar - contact details provided under our Corporate Information page.
Yes, please register for our Email Alert service
PARD's AGM is usually held in January each year. For more information, please visit our Financial Calendar
Please visit our Financial Ratios page for a full list of ratios.
As of 30 June 2008, for administrative efficiency, the Group has adopted a practice of not declaring an interim dividend. The Group would therefore be declaring a final dividend amounting to one-third of its financial year net profits after tax.
Please visit our Historical Charts page or Historical Price page for full details of historical movements.
The purpose of scrip dividends is to offer another way for us to reserve cash, while inviting our shareholders to participate in our future growth. Simultaneously, it is also more flexible coming from a tax consideration as our investor base is increasingly more global.
PARD's stocks are traded on the Singapore Exchange Mainboard under stock code P11.SI. To purchase our stocks, please consult your local stockbroker.
PARD is primarily engaged in the supply chain management (SCM) of frozen seafood products sourced from oceans all around the world. In addition to providing a full range of at-sea transportation and logistical services to fishing companies, we also operate one of the world's most sizeable fishing fleets and fishmeal processing facilities in the Pacific Ocean region.
For more detail on our business operations please visit our Business Structure page.
Alternatively, you may review our Corporate Factsheet for a quick overview of our business.
Both product safety and quality are paramount to PARD and our entire Group of Companies. Led by our ultimate parent company - Hong Kong Stock Exchange-listed Pacific Andes International Holdings (PAIH) was the first company in China, and amongst the first in Asia, to achieve certification under the rigorous ISO22000 international food safety system for its fish processing plants. In 2003, PAIH also established China's first world-class independent food testing laboratory - Sino Analytica - with strong support from the UK-based Central Science Laboratory, with an emphasis on the social, economic and environmental importance of food safety and redefining safety standards in China's food processing industry.
The below full range of certificates awarded to the Group attests our commitment to health, safety and the environment:
Looking ahead, the sustained increase in demand for animal protein as a result of a growing global population and rising affluence will continue to drive the industry's growth. This growth will come from 2 dimensions - the first of which is greater fish consumption, the second of which is increased fishmeal use for animal farming and aquaculture.
Although oil prices have increased significantly in the first three quarters of calendar year 2008, rising fish prices and effective fleet deployment have helped contain the increase in the fuel cost within our fishing division. The selling price for our main specie alone has seen compounded annual growth rate ("CAGR") of 12.7% over the past 12 years, and the trend is expected to continue this year. In addition, our economies of scale and efficient fleet utilization in the fishing division have offset the impact of rising fuel costs.
Under the Legal Stability Agreement which we have entered into with the Peruvian government, a term exists to protect the Group against changes in Peruvian law for a period of 10 years from the date of the agreement. In addition, Peru has entered into a bilateral agreement with Singapore, which has been effective since August 12, 2006. Hence, our Singapore incorporated Group of companies are able to take advantage of the protections offered by the treaty. Furthermore, Pacific Andes takes all necessary steps to minimize political risks in markets in which it operates.
The Board of Directors of PARD is committed to maintaining a high standard of corporate governance through effective transparency and disclosures. Our corporate governance processes and structures in place throughout the financial year generally adhere with the principles and guidelines of the Code of Corporate Governance 2005 and the best practices issued by the Singapore Exchange Securities Trading Limited.
For more details on our corporate governance processes and procedures, please download our latest Annual Report and turn to the Report on Corporate Governance section.