UPDATE: NZ King Salmon shares hit record on guidance uplift, sales growth

Wed, 01 Nov 2017

(Recasts to reflect shares at record, adds broker comment, details of guidance) By Tina Morrison Nov. 2 (BusinessDesk) - New Zealand King Salmon Investments shares rose to a record after the fish farmer raised its 2018 earnings guidance, saying it expects to lift volumes while maintaining prices and improving production. The stock climbed 3.5 percent to $2.35 and has soared 78 percent this year. They were sold in the initial public offering in September 2016 at $1.12 apiece. The Nelson-based company, the world's largest aquaculture...

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