Weak Fish Growth Hurts NZ King Salmon Result
New Zealand King Salmon has plunged to a $21 million net loss in the first half of the year, as weak fish growth and reduced harvest volumes led to a supply shortage.
But the company is confident in long-term demand and its $8.14m investment in the Blue Endeavour project this month, and in a move to shift operations from Nelson to Marlborough.
For the six months ending July, the NZX-listed salmon farmer’s profit was down to a...
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