Fishing company Sanford said it expects an enhanced trading result in its current financial year based on a more favourable exchange rate and lower fuel prices.
Chairman Bruce Cole told shareholders sales values for the first quarter of the financial year were at the same levels as the
same period in the last financial year.
"The extent to which this is indicative of the likely full year performance, or the extent to which lower exchange rates will compensate fluctuations in prices and sales volumes is, for the present, unknown," he said.
They should be known by the second quarter.
Managing director Eric Barratt said there was still a reasonable degree of uncertainty in markets but the uncertainty was at least easing.
"Seafood is already established as a mainstream health food. With wild fish catches unlikely to increase in the near future and New Zealand aquaculture species highly regarded we are expecting that demand will remain strong for our products."
That demand had to be translated into prices.
- NZPA
