King Salmon sees flat earnings for 2020 on slightly bigger harvest

Thu, 20 Jun 2019

By Paul McBeth June 21 (BusinessDesk) - New Zealand King Salmon Investments expects 2020 annual earnings will match this year's take and it will boost capital spending in an effort to mitigate the higher mortality rate caused by warmer water. The company forecasts operating earnings before interest, tax, depreciation and amortisation of $25-28.5 million in the year through June 2020. King Salmon expects ebitda to be at the lower end of a $25-28.5 million range for the 2019 June year. The company said harvest volumes will likely be ab...

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