What’s at stake: NZ King Salmon aims to sustain its financial recovery and expand into new markets, particularly China, while focusing on sustainable and innovative aquaculture practices.
Background: After a significant loss and operational downsizing in FY22, NZ King Salmon has turned the corner in FY24, with strategic farming practices and strong global pricing.
Key players: New Zealand King Salmon Investments, Carl Carrington, China Resources Food Supply Chain.
NZX-listed New Zealand King Salmon's latest results have been boosted by strong global prices, off the back of weak 2023 results.
The company reported a net profit of $28.5 million in the year to January 31 (its 2024 financial year), compared to the $1.9m recorded in the previous year, a 1400%
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
What’s at stake: NZ King Salmon aims to sustain its financial recovery and expand into new markets, particularly China, while focusing on sustainable and innovative aquaculture practices.
Background: After a significant loss and operational downsizing in FY22, NZ King Salmon has turned the corner in FY24, with strategic farming practices and strong global pricing.
Key players: New Zealand King Salmon Investments, Carl Carrington, China Resources Food Supply Chain.
