Sanford Limited Reports 110% Surge in Net Profit and 4% Revenue Increase; EPS Reaches 36.4 Cents

Reuters
05-15
Sanford Limited Reports 110% Surge in Net Profit and 4% Revenue Increase; EPS Reaches 36.4 Cents

Sanford Limited has announced its interim financial results, highlighting a record profit for the company. The revenue for the period reached $286.0 million, marking a 4% increase compared to the previous comparative period. Notably, the net profit after tax (NPAT) saw a significant rise, reaching $34.0 million, which is a 110% increase over the prior period. The operating cash flow also improved dramatically, showing a $49.6 million inflow, which is a $41.3 million or 498% improvement from the previous period. Net debt decreased by $55.4 million to $165.1 million from $220.5 million in March 2024. Sanford is focusing on operating as a commodity player, emphasizing cost reduction and efficiency. The company has witnessed a strong performance from its salmon business, with revenue and contribution up by 24% and 32%, respectively. This was achieved by strategically advancing sales to reduce stock in water during high-risk summer months. Earnings per share attributable to equity holders of the company during the period were 36.4 cents. The company has undergone significant organizational changes, including a streamlined senior executive team, to adapt to market conditions and enhance competitiveness.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sanford Limited published the original content used to generate this news brief on May 15, 2025, and is solely responsible for the information contained therein.

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