NZ King Salmon lifts annual earnings guidance on appetite for fish

Sun, 25 Jun 2017

By Paul McBeth June 26 (BusinessDesk) - New Zealand King Salmon Investments expects annual earning to beat its offer document forecast on strong demand for its products and affirmed its projected profit for the following year. Pro-forma operating earnings before interest, tax, depreciation and amortisation is forecast to be between $20.5 million and $21 million in the year ending June 30, up from the $19.2 million predicted in its October offer documents and ahead of $16 million a year earlier, the Nelson-based company said in a statemen...

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