King Salmon posts 52% gain in first-half profit, affirms full-year forecast

Tue, 28 Feb 2017

By Jonathan Underhill March 1 (BusinessDesk) - New Zealand King Salmon, which listed last October after raising $70 million selling shares, posted a 52 percent gain in first-half profit and said it was on track to meet its prospectus target for the full year. Net profit rose to $8.7 million, or 7 cents a share, in the six months ended Dec. 31, from $5.7 million, or 5 cents, a year earlier, the Nelson-based company said in a statement. Sales rose to $63.6 million from $56.6 million. The company, which is 40 percent owned by Malaysia's O...

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