NZ King Salmon to get $1.8 million earnings boost from supplier settlement

Sun, 30 Apr 2017

By Paul McBeth May 1 (BusinessDesk) - New Zealand King Salmon Investments will get a $1.8 million boost to annual profit after reaching a deal with a supplier over extra costs the fishing farmer had worn on its books in earlier years. The Nelson-based company will get a cash payment this month which will give a one-off lift to profit after reaching a deal with "a key supplier in regards to additional costs incurred and absorbed in the current and prior financial years," managing director Grant Rosewarne said in a statement. King Salm...

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