Sanford annual profit more than doubles on weaker kiwi, cheaper fuel

Sanford annual profit more than doubles on weaker kiwi, cheaper fuel
Paul McBeth
By Paul McBeth Nov. 16 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, more than doubled annual profit as a weaker kiwi dollar and cheaper fuel bolstered earnings in the face of a smaller catch, and as year-earlier impairment charges weren't repeated.  Net profit rose to $34.7 million, or 37.1 cents per share, in the 12 months ended Sept. 30 from $13.8 million, or 14.8 cents, a year earlier, the Auckland-based company said in a statement. Revenue rose 2.9 percent to $463.5 million, even as the volume of its catch shr...