Shares in Sanford, rose 3% on Wednesday, after the fishing company said it's had a positive start to the financial year.
Managing director Eric Barratt did not give a specific profit forecast to investors at the annual meeting, but said there are indications that sales and catches have improved.
The company is forecasting a stronger performance in the second half of the year, as it enjoys the benefits of its acquisition of Pacifica.
Mr Barratt says the company's focus for the rest of the year is to keep its working capital manageable and dispose of uneconomic assets, as well as capitalise on a growing Asian market.
Shares in Sanford rose 15 cents to $4.90 on Wednesday.