Sanford fishes up highest net profit in 10 years

(Image: Sanford)

Thu, 15 May 2025

Sanford has more than doubled its net profit off the back of performance in its salmon and mussel businesses. That’s despite challenges in its wildcatch fleet.The NZX-listed fishing company reported a net profit of $34 million for the six months to March 31, up 110% from $16.2m in the prior period and its highest in 10 years.It said that while the half-year result was “positive”, it did not anticipate the same level of profitability in the next six months because of in-market price pressure and seasonal volumes.'An ex...

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