New Zealand King Salmon has released an update on its FY22 earnings forecast, indicating that proforma EBITDA is expected to be in the range of $10.5m to $12.5m.
This is an increase from their previous guidance of $8.0m to $10.0m.
The company has attributed the improved performance to a sustained gain in financial performance, despite challenging trading conditions, as well as an improvement in fish size due to a change in their farming model.
The company's open ocean farming application, "Blue Endeavour", is nearing completion with the last day targeted for 21st December.
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