Sanford lifts profit despite "challenging year" as deepwater, aquaculture pays off

Wed, 19 Nov 2014

By Suze Metherell Nov. 19 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, lifted annual profit 10 percent as gains in its deepwater fishing and aquaculture operations offset falling skipjack tuna prices. Tax-paid profit before minority interests rose to $22.4 million in the year ended Sept. 30, from $20.4 million a year earlier, the Auckland-based fisher said in a statement. Sales fell 2.2 percent to $452.4 million, reflecting "highly variable operational performance across the business", which saw the Australian arm...

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