RESEND: Sanford 1H profit slips on cheap tuna and mackerel

Wed, 28 May 2014

By Suze Metherell May 28 (BusinessDesk) - Sanford, the listed fishing company, reported a 17 percent drop in first-half profit, driven by lower prices for pelagic species such as skipjack tuna and blue mackerel. It held the first-half dividend unchanged at 9 cents a share. Net profit was $11.7 million for the six months ended March 31, from $14.1 million a year earlier, the Auckland-based company said in a statement. Sales fell 9.6 percent to $221.1 million. Sanford operates across the fishing industry, including inshore and deepwater...

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