New Zealand's Sanford falls most in 1 week on weak annual results

Sanford

12/11/2020 02:28

** Shares of Sanford  SAN.NZ  fall as much as 3.8% to
NZ$5.04
    ** The seafood co reported FY net profit after tax of
NZ$22.4 mln ($15.46 mln) vs NZ$41.7 mln last year, and a 14%
drop in revenue  urn:newsml:reuters.com:*:nFWN2HX1MF
    ** The broader NZ50  .NZ50  benchmark index rises as much as
0.54% 
    ** Stock posts its biggest intraday pct fall since Nov 5
    ** Stock down 34.1% this year, as of last close

    ($1 = 1.4491 New Zealand dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com;))