Sanford's 1H net profit lifts, surprise sale of inshore business

Sanford has posted a lift in earnings (Image: Sanford)

Mon, 22 May 2023

Seafood company Sanford is hoping carve off most of the inshore area of its wildcatch division to Moana New Zealand through a long-term agreement.“While the deepwater part of the business is stable and profitable, unfortunately the inshore area of Sanford’s wildcatch division has been underperforming for some time,” chief executive Peter Reidie said.“Following a review into this division, we have now agreed to sell much of our North Island inshore Annual Catch Entitlement (ACE) to Moana New Zealand through a new long-ter...

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