Sanford’s move up the value chain overcomes climatic vicissitudes

Wed, 14 Nov 2018

By Jenny Ruth Nov. 15 (BusinessDesk) - Sanford says annual earnings fell short of its expectations due to “challenging” climatic conditions leading to a decline in harvest volumes. However, that impact was more than compensated for by the company’s efforts to extract more value from both its wild and farmed fish and seafood and its underlying earnings rose 1.5 percent. The fishing company lifted net profit 12.9 percent for the year ended September to $42.3 million, but that was largely driven by an insurance settlement for damage cause...

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