APEX

** Shares of India's Apex Frozen APEX.NS, Zeal Aqua ZEAQ.BO, Coastal Corporation COAS.NS and Kings Infra Ventures KIVL.BO up between 4.4% and 9.3%

** India will introduce framework for sustainable harness of fisheries in the exclusive economic zone, Finance Minister Nirmala Sitharaman says in union budget

(Reporting by Manvi Pant in Bengaluru)

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** Avanti Feeds AVNT.NS, Coastal Corp COAS.NS and Apex Frozen APEX.NS gain between 2.7%-4%

** Financial support to set up nucleus breeding centres for financing and export will be facilitated, Finance Minister Nirmala Sitharaman says in 2024/25 union budget

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Apex Frozen Foods APEX.NS fall as much as 16.31%, highest intraday pct slide since August 2021, to 218.10 rupees

** Co, which produces and exports food products, posts 62% fall in Dec-quarter net profit to 29.74 million rupees; revenue down 36%

** Revenue hurt by dip in volumes due to subdued U.S. demand and lower realisations on tapering global shrimp prices, says APEX

** Adds, higher freight costs and weak sales hurt profitability

** Stock down 0.6% in 2024 so far - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of India's fisheries stocks up between 5% and 8%

** Avanti Feeds AVNT.NS leads gains with 7.5% rise; BKV Industries BKVI.BO hits upper circuit of 5%

** India Finance Minister Nirmala Sitharaman in budget speech says government targets doublng seafood exports to 1 trillion rupees ($12.05 bln)

** Apex Frozen Foods APEX.NS rises 6%; Coastal Corporation COAS.NS shares up 8%

** BKVI rose 25% in Jan, highest among fisheries stocks; APEX rose least, gaining 13%

($1 = 82.9900 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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Aug 14 (Reuters) - Apex Frozen Foods Ltd APEX.NS:

• INDIA'S APEX FROZEN FOODS JUNE-QUARTER NET PROFIT 36.5 MILLION RUPEES VERSUS PROFIT 185.5 MILLION RUPEES

• APEX FROZEN FOODS JUNE-QUARTER REVENUE FROM OPERATIONS 2.54 BILLION RUPEES VERSUS 3.19 BILLION RUPEES

Source text for Eikon: ID:nNSE5YRMj6

Further company coverage: APEX.NS

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