Seafood company Sanford reported 'pleasing' interim earnings for the six months ended March 31.
Net profit after tax for the period was up 46% year on year to $16.2 million from $11.1m, while adjusted earnings before interest and tax also increased 45% to $38.5m from $26.6m.
However, revenue remained flat, down about 0.6% to $276m from $277.6m year on year.
Newly appointed managing director David Mair said, "our first half performance is pleasing with our highest recent half year adjusted ebit result."
Mair noted the improvement stemmed from an improved mussel result, a positive wildcatch result, as well as continued strong salmon business performance.
Moving into the second half of its 2024 financial year, Sanford expected a more moderate performance in line with capacity and available inventory.
It remains on track to deliver another improved full year performance.
NZX-listed Radius Care returned to dividends this month, announcing a 0.7 cents final payout to shareholders after posting an $8.5 million loss after tax for the 12 months to March.
That was up on the $2.1m loss last year, but reflected a $11.3m one-off, non-cash deferred tax liability following government's removal of tax deductibility on commercial buildings.
Revenue was up 17% to $171.2m, from $146.3m for the comparable period.
Radius, which operates 1789 care beds across 23 owned or leased care facilities, recorded gains of $1.8m from resales of 28 of its units at its four villages during the year. That was at an average resale price of $391,000, down on last year's average of $464,000.
The dividend was paid on May 16 and the company has signalled a return to its previous cycle of paying an interim and final dividend in December and June respectively.
Chief executive Andrew Peskett said borrowings had been "significantly" reduced during the year, down $26.5m at $75.9m.