Sanford lifts first-half profit 25% as higher value product offsets lower prices for frozen fish

Wed, 24 May 2017

By Tina Morrison May 25 (BusinessDesk) - Sanford, New Zealand's largest listed seafood company, lifted first-half profit 25 percent as the benefits from selling more higher value fresh seafood offset the impact of lower prices for frozen commodity products and disruption from adverse weather. Profit rose to $19 million, or 20.4 cents per share, in the six months ended March 31, from $15.3 million, or 16.3 cents, a year earlier, the Auckland-based company said in a statement. Revenue from continuing operations advanced 5 percent to $230.4 ...

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