close
MENU
Investment
3 mins to read

Sanford cost reduction strategy to be ‘rigorously pursued’

Sanford’s new managing director hints at fat-cutting plans.

Salmon farming at Big Glory Bay, Stewart Island.

Kate McVicar Fri, 15 Nov 2024
Key points
  • Revenue: Up 5% to $582.9m.
  • Profit: Up 96% to $19.7m.
  • Main takeaway: New cost-cutting measures will be pursued in FY25 but the benefits aren’t expected to flow through until FY26.

Sanford’s managing director David Mair, who was appointed in May, hinted at strategic reviews and cost cutting strategies in the company annual results reported this morning. 

Sanford reported revenue up 5.3% to $582.9 million in the year to September 30, while net profit after tax increased 96%

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Kate McVicar Fri, 15 Nov 2024
Contact the Writer: kate@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: Up 5% to $582.9m.
  • Profit: Up 96% to $19.7m.
  • Main takeaway: New cost-cutting measures will be pursued in FY25 but the benefits aren’t expected to flow through until FY26.
Company profile
Powered by:
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Sanford cost reduction strategy to be ‘rigorously pursued’
Investment,
106733
true