Sanford writes down $6.5 mln from Australian operations

Wed, 23 Sep 2015

By Paul McBeth Sept. 24 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, has written down the value of its Australian operations in the latest tidying up of its books, which it says will give it a more focused approach to marketing across the Tasman. The Auckland-based company has taken a $6.5 million non-cash impairment on the value of its Australian operations "due to the limited quota holding in Australia and the lack of economies of scale in fishing in the Great Australian Bight," it said in a statement. Sanford v...

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