A net profit after tax of more than 25 million dollars for Sealord.

The group has just released its result for the financial year ending September.

The result marks a return to profit for Sealord, following the exit from its Argentine fishing investment the previous year.

It's declared a dividend of 10.5 million dollars to its shareholders.

Company revenues of 448 million dollars were slightly lower on the previous year, due to unfavourable foreign exchange movements.

But chairman Matanuku Mahuika says the result represents a significant turnaround from the previous year.

He says Sealord’s focus has been on optimising margins in a competitive global environment, and implementing tight cost controls.