NZ's Sanford falls to over 2-year low on Q3 revenue drop due to COVID-19
02/09/2020 01:47
** Shares of New Zealand seafood company Sanford Ltd
SAN.NZ fall as much as 3.5% to NZ$5.5, their lowest since July
8, 2016
** Company says due to COVID-19 impact on foodservice
markets its Q3 sales revenue was down 15% from a year ago
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** For Q4, Sanford expects a similar revenue drop versus
last year as seen in Q3
** Stock posts its biggest intraday percentage loss since
Aug. 21
** Stock is down 28.3% this year, as of last close
(Reporting by Aditya Munjuluru in Bengaluru)
((aditya.srivastsav@thomsonreuters.com))