Rough seas continue for Sanford

The Sanford fish market in Auckland.

Fri, 21 May 2021

Seafood and fishing group Sanford had a rough half-year to March, with adjusted earnings before interest, tax, depreciation and amortisation down almost a third to $25.8 million on the comparable $36.7m for 2020. Revenue, down 5% at $233.5m, continued to be impacted by declining foodservice returns particularly in its mussel business, and covid related supply chain disruption, although it was broadly in line with analyst’s expectations.Net profit after tax came in at $16.2m, down 15% on last year’s $19m, though that included a...

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