Sanford shareholders back value focus as Sealord profits on volume play

Mon, 16 Dec 2019

Shareholders at Sanford's annual meeting were relaxed about profits nudging lower as the company continues to focus on earnings per kilogram of seafood caught, rather than the size of the catch. About 80 shareholders gathered in Auckland for the company’s 115th AGM on Friday where questions were asked about board diversity, global warming and developments in the company's mussels business. The seafood company, which has the country's second biggest fishing quota, is in the midst of a transformation drive away from volume and towards v...

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