New Zealand’s Sanford Limited Releases Full Year Results for FY18
New Zealand’s Sanford Limited released their full year results for FY18 on Thursday. The company is reporting net profit after tax of $42.3 million, an improvement of 12.9% from last year, which can be credited to the insurance settlement from the Kaikoura earthquake that damaged their Havelock mussel processing facility. Meanwhile, the company’s adjusted earnings before interest and tax increased 1.5% to $64.7 million.
According to Sanford, sales revenue increased by 7.7% from $477.9 million to $515 million. The increase can be credited to ...
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