Tiger Brokers

BUZZ-NZ's Sanford hits over 5-year high on blockbuster annual results

Reuters
Nov 18
BUZZ-NZ's Sanford hits over 5-year high on blockbuster annual results

** Shares of Sanford SAN.NZ rise as much as 6.8% to NZ$6.57, their highest level since July 20, 2020

** Fishing and aquaculture farming company heading for best day since December 2021, if gains hold

** Co posts record FY revenue and net profit after tax of NZ$584.1 million ($330.54 million) and NZ$63.7 million, respectively

** Declares final dividend of 5.0 NZ cents per share in line with last year

** Stock up 54% this year, including the day's move

($1 = 1.7671 New Zealand dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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