Mortality and reduced harvesting volumes hit New Zealand King Salmon

editorial staff

First six months of 2022 in the red.

Fish deaths caused by warmer water drove NZ King Salmon to a $24.5 million loss in the first half to July 31, the company says.

The company said revenues were consistent with the prior comparable period at $80m, as a combination of price increases and customer mix offset reduced sales volumes throughout the half.

Sales volumes fell 21 per cent to 2,886 tonnes, reflecting a reduced harvest, according to NZ Herald.

NZ King Salmon reaffirmed its full year earnings guidance – given in April 2022 – of an $8m to $12m pro forma EBITDA loss.


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