Sanford FY earnings flat on reduced volumes

Sanford FY earnings flat on reduced volumes
Gavin Evans
Fishing company Sanford reported a 1 percent decline in full-year net profit with improved pricing on some species not enough to offset a 4 percent drop in volumes.Net profit fell to $41.7 million in the year ended Sept. 30 from $42.3 million the year before. Revenue was 6 percent higher at $545.1 million, and 8 percent higher at $558 million on a like-for-like basis to remove the impact of recent accounting changes.Earnings before interest and tax, after excluding one-off impairments, restructuring costs and previous insurance settlements, wer...

More Primary Sector

Coal mine consent restrictions to ease
Primary Sector

Coal mine consent restrictions to ease

Coal mine resource consents will be treated like any extractive mining application.

The high cost of food and fibre caution
Primary Sector

The high cost of food and fibre caution

Report say food & fibre sector holds good potential for NZ to grow its export footprint.

Fonterra closing plants in Waitoa and Te Rapa
Primary Sector

Fonterra closing plants in Waitoa and Te Rapa

Four plants at two factories are no longer efficient.

Staff reporters 15 Apr 2024
BX Foods fails to get statutory demand set aside
Primary Sector

BX Foods fails to get statutory demand set aside

Separately, it's launched proceedings against its former managers.

Riley Kennedy 15 Apr 2024