21st June 2022 Sanford
New Zealands largest seafood company has set out a post-Covid recovery strategy which would see it return to pre-pandemic profits.
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.
First half EBIT jumps 79% but NZ’s largest seafood company is battling supply side challenges as Covid hits production and staffing levels.
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.
From Sanford’s Our Stories series – this one profiling second skipper Tyler Materoa.
Strategy refresh work continues ahead of a June announcement, as Q1 prices and volumes improve on last year.
Mussels were the hardest hit of Sanford’s three divisions, with rebuilding profitability a priority for 2022.
Sanford’s chief operating officer, Clement Chia, has resigned after seven years with the business.
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.