New Zealand seafood giant Sanford is warning investors that it is likely to post "disappointing" results, when it files its annual report on Nov. 12.
The group's unaudited earnings before interest and tax (EBIT) for the year ended Sept. 30 plummeted 41 percent to $38.3 million (€32.4 million).
Revenues also dipped 14 percent year-on-year to $468 million (€396 million), as the company continued to bear the consequences of a crippled foodservice sector due to the COVID-19 pandemic.
