NZ King Salmon expects a better second half

Fri, 30 Jul 2021

New Zealand King Salmon says it now expects most of its 2022 operating earnings to be earned between Aug and Jan next year.The salmon farmer says it expects earnings before interest, tax, depreciation and amortisation (ebidta) to be between $8 million and $10m."Fish size, which was a problem in the first half, due to a one-off issue with the model, has now recovered and biomass is on track for a satisfactory position in October 2021," the company said.It has also brought in price increases, it said.A hearing date for its application f...

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