NZ's Sanford hits 2-week high on upbeat HY profit

Sanford

29/05/2024 03:51

** Shares of Sanford  SAN.NZ  rise as much as 2% to
NZ$4.060, their highest since May 14
    ** Seafood co posts 46% jump in HY profit on strong salmon
business
    ** Says on track to deliver improved FY24 but sees more
moderate H2, in line with capacity and available inventory
    ** Sets interim div of 5.0 NZ cents/share vs 6 last year
    ** Trading vol about 9.5x the 30-day daily avg
    ** Stock last up ~1%, cutting YTD losses to under 1%

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))