New Zealand King Salmon Investments Ltd. (AU:NZK) has released an update.
New Zealand King Salmon Investments Ltd. reported a decrease in net profit to $6.0 million in 1HY25 from $10.6 million the previous year, despite an increase in sales volumes and revenues by 5% and 11% respectively. The company is adapting to challenges in fish farming, with promising initial trials and planning for a pilot trial at Blue Endeavour, aiming for a positive transformation in growth. The Board has revised its EBITDA guidance to $26 million – $30 million for the full year.
For further insights into AU:NZK stock, check out TipRanks’ Stock Analysis page.