AUSTRALIA'S SAM'S SEAFOOD SEES 30 PCT SURGE IN CHRISTMAS SALES.

AsiaPulse News, January, 2002

MELBOURNE, Jan 7 Asia Pulse - Sam's Seafood Holdings Ltd's (ASX:SSS) Christmas sales had surged 30 per cent to clock up its best-ever result for the end-of-year trading period, the newly-listed company said today.

Chief executive Nick Noutsatos said the strong retail sales through Sam's Seafood shop and restaurant in Queensland was coupled with a 15 per cent increase in the distribution and wholesaling unit during November.

"Sales were boosted because of the number of people who holidayed at home this year with the last two weeks in November pushing sales to an all-time high," Mr Noutsatos said.

"There was also a rush in our wholesaling division with a marked increase in demand from local restaurants and clubs."

Last week Sam's Seafood...