Sam's Seafood goes up for sale May 16, 2005 - 12:44PM
Sam's Seafood Holdings has been offered for sale after the Queensland-based seafood company went into receivership earlier this month, citing an inability to pay debt.
Deloitte Corporate Reorganisation partners John Greig and David Lombe on Monday offered the businesses for sale.
They said the business generates sales of approximately $40 million per annum in the seafood wholesale, retail and distribution industry in Queensland.
Once a small cap favourite on the Australian Stock Exchange last month Sam's announced it expected a loss of $2 million for 2004/05 after making a $2.5 million net profit the previous 12 months.
SSS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
