Sanford chief executive Volker Kuntzsch says it's unlikely the seafood company will make up the first-half earnings shortfall. Seafood company Sanford Limited has reported a 17 per cent drop in first-half profits in the wake of the coronavirus outbreak. READ MORE:* Seafood giant Sanford shifts focus from volume to value* Seafood company Sanford records $41m profit* Sanford seafood earnings and net profit downSanford chief financial officer, Katherine Turner, said being an essential business had provided the company some protection against the impacts of the Government's coronavirus response. Stuff Sanford's net first-half profits are down 17 per cent on last year. Kuntzsch said it was unlikely the company will be able to make up the first-half earnings shortfall in the second half of the year.

Source: Stuff May 27, 2020 22:41 UTC