Sanford reels in record earnings in stormy conditions

Sanford managing director David Mair has a mandate to review the group’s operations. (Image: Supplied)

Fri, 15 Nov 2024

NZX-listed fishing company Sanford has reported record earnings and cashflow as new managing director David Mair trims operations.Sanford said its full-year net profit after tax for the year to Sept 30 grew 96.5% to $19.7 million. Revenues rose 5.3% to $583m.The profit jump came despite the company incurring asset valuation adjustments and a non-cash tax expense required under new tax legislation amounting to $19.9m.Sanford announced a final fully imputed dividend of 5 cents per share, taking the full year's dividend to 10cps.Shares ro...

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