27th September 2021 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.
Th fishing company pleaded guilty to a charge of exposing workers to risk of death or serious injury.
The former Turners & Growers executive will join the listed seafood exporter as CFO next month.
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 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’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.
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.
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.
New Zealand seafood company Sanford has appointed Mark Cairns as its newest board member.
Lower prices and higher costs will hurt performance, says the seafood company.
The fishing company, the master of its San Waitaki ship, and its first mate have been fined a total of $53k.
The seafood firm is on a mission to rebuild profitability.
The land and buildings are fully leased to Cold Storage Nelson.
The NZX-listed seafood company has detailed its disappointing annual results.
The fishing company says it has suffered falling prices, slow sales and poor catches.