Strong exports push record King Salmon earnings

Tue, 28 Aug 2018

By Pattrick Smellie Aug. 29 (BusinessDesk) - Strong export growth in its lead North American market and in Asia pushed New Zealand King Salmon to record operating earnings in the year to June 30. The result would have been stronger had the company not experienced high mortality among its salmon stocks because of high Marlborough Sounds water temperatures. Earnings before interest, tax, depreciation and amortisation - the benchmark measure the company used for forecasts in its prospectus before listing on the NZX in 2016 - came in at $2...

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