King Salmon earnings rebound

Sales volumes rose as fish mortality dropped. (Image: Getty)

Thu, 21 Sep 2023

New Zealand King Salmon (NZKS) says its dramatic turnaround has continued, reporting net profit of $10.6 million in the six months to July 31.That result compared with a net loss of $24.5m a year before.Fewer fish were dying prematurely, and the company attributed that to better farming techniques.Earnings before interest, tax, depreciation and amortisation (Ebitda) were $10.7m, compared to an Ebitda loss of $12.7m a year earlier.In the last year, the company has shed its long-serving chief executive, Grant Rosewarne, and shifted strategy while...

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