Sanford 2022 Full Year Results

Sanford Limited, New Zealand's largest seafood company, has announced an 8.6% increase in revenue for the 2022 financial year, recovering to $531.9 million from $489.6 million in FY21.

This was accompanied by a reported profit (NPAT) of $55.8 million (up 3.4 times from FY21) and an Adjusted EBIT of $40.2 million, up 72.5% on the previous 12 months.

These improved results have been attributed to Sanford's prudent approach, combined with hard work and the improving demand of global markets.

Sanford will pay a dividend of 10 cents for FY22.