SAN
24/09/2015 09:21
ASSET
NOT PRICE SENSITIVE
REL: 0921 HRS Sanford Limited
ASSET: SAN: Sanford Limited - Continuous Disclosure
24 September 2015
Sanford Limited - Continuous Disclosure
SANFORD LIMITED REFOCUSES ITS AUSTRALIAN OPERATION
Sanford Limited advises that due to the limited quota holding in Australia
and the lack of economies of scale in fishing in the Great Australian Bight
it was decided to take a NZD6.5 million non-cash impairment of that asset.
This non-cash impairment will impact the 2015 financial result, but will
enable a more focused approach to our Australian marketing strategy going
forward.
Volker Kuntzsch
Chief Executive Officer
For further information please contact Trish Sherson on 021 570 803
End CA:00270667 For:SAN Type:ASSET Time:2015-09-24 09:21:35
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