Sanford points to salmon success

Sanford's mussel business has been slower to recover, it says. (Image: Sanford)

Tue, 14 Nov 2023

Fishing company Sanford has netted profit after tax of $10 million for the year ended Sept 30 2023, and says it is executing its strategy to “recover, rebuild and outperform”. The New Zealand stock exchange-listed firm reported revenue of $553.4m and earnings before interest, taxes, depreciation and amortisation (Ebitda) of $81.5m. Its net profit after tax fell more than 80% from $45.8m in the previous financial year - when Sanford had a one-off $43.7m gain from selling its crayfish quota. It said its 4% re...

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