NZ King Salmon books a $1.9m annual net profit

Wed, 29 Mar 2023

New Zealand King Salmon said it booked a $1.9 million net profit for the year ended January after the previous year’s $73.2m loss.However, earnings before interest, tax, depreciation and amortisation (Ebitda) on a pro forma basis were a loss of $4.4m compared with positive Ebitda of $6.7m the previous year, which included a $13.5m gain from the early close of foreign exchange contracts.Sales fell 4% to $167.1m while the cost of dead fish rose to $25.9m from $20.8m the previous year.The company is forecasting pro-form Ebitda between $21m a...

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