Sanford earnings hit by vessel impact from crew death

Wed, 22 May 2019

By Gavin Evans May 23 (BusinessDesk) - Fishing company Sanford reported an 8 percent decline in first-half operating earnings after the death of a crew member kept one of its deep water vessels in port for three months. The company today reported adjusted earnings before interest and tax of $32.6 million for the six months ended March 31, down from $35.4 million the year before. The figures exclude restructuring costs and a $9.9 million insurance settlement in the 2018 period. Net profit was $22.9 million, including a $4.1 million gain...

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