NZK - NZ King Salmon Investments Limited FY23 Results

29 March 2023

NZX/ASX Code: NZK

NZK – New Zealand King Salmon Investments Limited FY23 Results

NZK – New Zealand King Salmon Investments Limited has published its financial result for the year ended 31 January 2023.

Please find the following materials attached:
1. NZK FY23 Results Announcement
2. NZK NZX Results Template
3. NZK FY23 Annual Report
4. NZK FY23 Investor Presentation

New Zealand King Salmon Investments Ltd (NZX & ASX: NZK) reports its financial performance for the 12 months period ended 31 January 2023 (FY23). Key points include:
 
• FY23 net profit for the year of $1.9 million, compared to a net loss of $73.2 million
in FY22.
• FY23 pro-forma EBITDA was a loss of $4.4 million, compared to an EBITDA profit of $6.7 million in FY22 (FY22 included $13.5 million of gains from the early close of FX contracts).
• Sales volumes decreased from 7,672MT in FY22 to 5,837MT in FY23 (a decrease of 24%).
• Revenues decreased from $174.5 million in FY22 to $167.1 million in FY23 (a decrease of 4%).
• The mortality cost increased from $20.8 million in FY22 to $25.9m in FY23. 


Conference call details
NZK will hold a conference call on the results at 10am NZT on 29 March 2023. Participants are encouraged to pre-register for the call to avoid delays dialling in on the day.
PARTICIPANT DETAILS
Participants can register for the conference by navigating to
https://s1.c-conf.com/diamondpass/10028041-yd56jp.html

After registering, participants will receive their dial in number, the passcode, and a unique access PIN. This information will also be emailed as a calendar invitation.
Authorised by:
Board of Directors of New Zealand King Salmon Investments Limited
For investor or analyst queries, please contact:
Graeme Tregidga, Acting CEO, New Zealand King Salmon Investments Ltd,
[email protected]
Ben Rodgers, CFO and Company Secretary, New Zealand King Salmon Investments Ltd, [email protected]

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Announcement PDF