Seafood Giant Sanford Has Recorded Its Best Revenue Result In Five Years

Seafood giant Sanford has recorded its best revenue result in five years, while its bottom line profit fell due to the previous year’s one-off gain. Net profit after tax for the year ended September was $10 million compared to last year’s $55.8m – which included a one-off $43.7 million dollar gain on the sale of its crayfish quota. A lift in revenue to $553.4m was driven by strong pricing and customer demand . CEO Craig Ellison says the increase came despite a reduction in volumes driven by seasonal factors resulting in a lower squid catch which was down 58% year-on-year.