Listed fishing company Sanford is forecasting its net profit will more than double to about $13 million in the six months to March, due to higher prices and greater catches.
The exporter made $5.3 million in the same period a year earlier.
Revenue is expected to jump by 23% to $228 million, led mainly by higher prices for seafood, as well as higher volumes for skipjack, tuna, hoki and toothfish.
Excluding its recent purchase of Pacifica Seafoods, sales rose 17%.
Sanford's share price was unchanged on Wednesday at $5.65.
