Sanford's Move from Volume to Value Helps Boost Profit 152%
SEAFOODNEWS.COM [Voxy.co.nz] by Fuseworks Media - November 16, 2016
Sanford Limited (NZX:SAN) has today posted a 152% increase in net profit after tax to $34.7m for the year ended 30 September.
The Group posted an 85.5% increase in reported EBIT to $57.7m, with revenue up $13.2m to $463.5m.
Sanford CEO, Volker Kuntzsch said it’s a pleasing result after a year of focus across the business on executing the company’s volume to value strategy.
"The results show the company’s strategy of moving from a volume commodity exporter to a premium seafood company focused on value creation through utilising resources in the best...
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