'Recover, rebuild and outperform': Sanford's revenue hits five year high

New Zealand's largest seafood company made further headway in its efforts to bounce back from the impacts of COVID on its business.

The company reported adjusted earnings before interest (EBIT) in the 12 months to Sept. 30 of NZD 49.4 million (€27.1 million/$29 million). While pre-pandemic EBIT sat around NZD 60 million (€33 million/$35.3 million), the result was still a 23 percent increase on last year.

Revenue, meanwhile, was the highest it has been in five years, nudging up 4 percent to NZD 553.4