NZ King Salmon expects earnings 'at upper end or slightly above' guidance

Tue, 05 Jun 2018

By Jonathan Underhill June 6 (BusinessDesk) - New Zealand King Salmon says full-year earnings are likely to be "at the upper end or slightly above" guidance, although a hot summer has curbed expectations for volumes available for sale in both 2018 and 2019. The company, which farms King salmon in the Marlborough Sounds, has previously forecast pro-forma operating earnings before interest, tax, depreciation and amortisation of $24.5 million to $26 million. It gave an ebitda forecast for the 2019 year of $25 million to $28.5 million, assumi...

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