New Zealand King Salmon Investments Ltd. ( (AU:NZK) ) just unveiled an announcement.
New Zealand King Salmon Investments Ltd reported a net profit of $13.4 million for FY25, a decrease from the previous year’s $28.5 million, despite a 13% increase in revenue to $210.9 million. The company is optimistic about its future growth, supported by a new government partnership and the upcoming operational phase of its Blue Endeavour open ocean farm. However, it faces challenges with elevated fish mortality impacting FY26 harvest and earnings. The company remains committed to its growth strategy, focusing on risk management and maintaining a strong balance sheet to navigate these challenges.
More about New Zealand King Salmon Investments Ltd.
New Zealand King Salmon Investments Ltd operates in the aquaculture industry, focusing on the farming and distribution of King salmon. The company targets key markets such as North America, Australia, and China, aiming to meet growing consumer demand for its products.
YTD Price Performance: -2.50%
Average Trading Volume: 20,472
Technical Sentiment Signal: Buy
Current Market Cap: A$115.1M
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