BUZZ-NZ's Sanford gains most in nearly 4 years on upbeat annual results

reuters08:00

** Shares of Sanford SAN.NZ rise 6% to NZ$4.06, set for their best trading session since mid-Dec 2021

** Stock hits highest since Aug. 29

** Aquaculture farming business posts annual net profit after tax (NPAT) of NZ$19.7 mln ($11.52 mln), up 96% from NZ$10 mln last year

** Says strong demand in co's mussel division as well as stable market pricing and reduced overhead costs have propelled profit growth

** More than 88,800 shares change hands, 4.1 times the 30-day avg of about 21,000 shares

** SAN up 0.25% YTD, including current session's moves

($1 = 1.7106 New Zealand dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

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