Fishing operations in the new season (2004-2005) began in July in International waters with five vessels initially, and gradually increasing to the entire fleet of 20 vessels. Fishing in local waters commenced on August 1, 2004. The shrimp catch declined by 8% to 633 tons compared to 691 tons in 2003.

The fish catch improved, going up to 359 tons versus 321 tons in 2003, an increase of 12% .The performance of fishing operation in 2004 was not satisfactory, and the Company is currently examining ways to restructure the fishing operation in order to improve profitability.