Sanford to take $5 mln impairment charge in sale of last Tuna vessel

Sun, 22 May 2016

By Paul McBeth May 23 (BusinessDesk) - Sanford, the country's largest listed fishing group, will book a $5 million impairment charge on the sale of its last Pacific Tuna vessel when it reports half-year earnings on Thursday. The Auckland-based company settled the sale of the San Nikunau having put that Pacific Tuna fleet up for sale when it decided to quit the business in September last year, Sanford said in a statement. Weak tuna prices led to "very limited interest" in those type of vessels, it said. "To complete the exit from this...

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