date:May 29, 2014
Sanford has reported a 17 percent drop in first-half profit, driven by lower prices for pelagic species such as skipjack tuna and blue mackerel.
Net profit was AUD 11.7 million (USD 10.8 million, EUR 7.9 million) down from AUD 14.1 million (USD 13 million, EUR 9.6 million) during the same time period a year earlier. Sales fell 9.6 percent to AUD 221.1 million (USD 204 million, EUR 150 million).
The company said commodity price trends varied greatly, depending on species, with pelagics, especia