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Tuesday 28 June 2022

Sanford

Sanford sets out post-Covid strategy 21st June 2022

Sanford sets out post-Covid strategy

New Zealands largest seafood company has set out a post-Covid recovery strategy which would see it return to pre-pandemic profits.


Sanford director retires 15th June 2022 /

Sanford director retires

Peter Kean is retiring from the Sanford board after eight years, effective as at the conclusion of the seafood company’s 2022 annual meeting in December.


Sanford’s H1 momentum dampened by domestic challenges 19th May 2022

Sanford’s H1 momentum dampened by domestic challenges

First half EBIT jumps 79% but NZ’s largest seafood company is battling supply side challenges as Covid hits production and staffing levels.


Sanford hooks nearly $50m from cray quota sale 29th April 2022

Sanford hooks nearly $50m from cray quota sale

Seafood company Sanford is exiting two crayfish quotas, and considering the sale of a third to reinvest the cash into growing its salmon and mussel business, as well as its wildcatch division.


Watch: Sanford second skipper Tyler Materoa 28th February 2022

Watch: Sanford second skipper Tyler Materoa

From Sanford’s Our Stories series – this one profiling second skipper Tyler Materoa.


Sanford Q1 signals start of Covid recovery, Omicron caveat… 10th February 2022

Sanford Q1 signals start of Covid recovery, Omicron caveat…

Strategy refresh work continues ahead of a June announcement, as Q1 prices and volumes improve on last year.


Sanford preps new strategy as earnings fall 39% 18th November 2021

Sanford preps new strategy as earnings fall 39%

Mussels were the hardest hit of Sanford’s three divisions, with rebuilding profitability a priority for 2022.


Sanford COO Clement Chia resigns 5th November 2021 /

Sanford COO Clement Chia resigns

Sanford’s chief operating officer, Clement Chia, has resigned after seven years with the business.


$2.5m snapper revenue boost for Sanford 27th September 2021

$2.5m snapper revenue boost for Sanford

Listed seafood company Sanford is in line for an additional $2.5m of revenue after the Ministry for Primary Industries increase the commercial catch limit for snapper in the SNA8 fishery off the North Island’s west coast.


Sanford to pay $531k following death of fishing crewman 23rd September 2021

Sanford to pay $531k following death of fishing crewman

Th fishing company pleaded guilty to a charge of exposing workers to risk of death or serious injury.


Sanford taps ex-Cavalier CEO Paul Alston to be CFO 23rd September 2021 /

Sanford taps ex-Cavalier CEO Paul Alston to be CFO

The former Turners & Growers executive will join the listed seafood exporter as CFO next month.


Food investments on the menu at Ngāi Tahu 7th September 2021 /

Food investments on the menu at Ngāi Tahu

Ngāi Tahu Holdings CEO Mike Pohio says the iwi-controlled entity remains on the lookout for food investments following its $38m buy-up of Sanford shares.


Ngāi Tahu’s Sanford stake tops 19% after $38m buy-up 3rd September 2021 /

Ngāi Tahu’s Sanford stake tops 19% after $38m buy-up

Ngāi Tahu Investment now holds a 19.9% stake in seafood company Sanford, making it the largest single shareholder in what is New Zealand’s largest seafood company.


Sanford shares jump as Ngāi Tahu takes 12% 2nd September 2021 /

Sanford shares jump as Ngāi Tahu takes 12%

Sanford’s share price jumped almost 25% yesterday as investors reacted to the news that Ngāi Tahu Investments was increasing its stake in New Zealand’s largest seafood company.


Ngāi Tahu fishes for “significant” Sanford stake 1st September 2021 /

Ngāi Tahu fishes for “significant” Sanford stake

The iwi investor is trying to buy a chunk of the seafood company, although it says it has “no current intention” to launch a takeover.


Sanford subdued as Covid continues to bite 21st May 2021

Sanford subdued as Covid continues to bite

Seafood company reports 15% drop in net profit at the half year as it continues to battle with Covid-19 disruption to freight and foodservice.


Sanford appoints Tauranga port CEO to board 13th May 2021 /

Sanford appoints Tauranga port CEO to board

New Zealand seafood company Sanford has appointed Mark Cairns as its newest board member.


Sanford warns continuing Covid storm will hit interims 18th March 2021

Sanford warns continuing Covid storm will hit interims

Lower prices and higher costs will hurt performance, says the seafood company.


Sanford ordered to forfeit $20m vessel after illegal trawling 24th February 2021 /

Sanford ordered to forfeit $20m vessel after illegal trawling

The fishing company, the master of its San Waitaki ship, and its first mate have been fined a total of $53k.


Sanford rethinks $20m Blenheim investment in cost-cutting drive 17th December 2020

Sanford rethinks $20m Blenheim investment in cost-cutting drive

The seafood firm is on a mission to rebuild profitability.


Sanford puts Tauranga facility on market 18th November 2020

Sanford puts Tauranga facility on market

The land and buildings are fully leased to Cold Storage Nelson.


Pandemic exposes Sanford’s weaknesses as profit plummets 13th November 2020

Pandemic exposes Sanford’s weaknesses as profit plummets

The NZX-listed seafood company has detailed its disappointing annual results.


Sanford warns profit could halve as Covid bites 6th November 2020

Sanford warns profit could halve as Covid bites

The fishing company says it has suffered falling prices, slow sales and poor catches.