New Zealand King Salmon lifts full-year earnings to up to NZ$34M
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- New Zealand King Salmon upgraded its full-year earnings guidance to between NZ$30 million and NZ$34 million.
- The company share price moved higher to $0.20 following the market update.
- Strong biological fish performance and reduced supply chain disruptions drove the upgraded outlook.
New Zealand King Salmon (ASX:NZK) upgraded its full-year earnings forecast to between NZ$30 million and NZ$34 million.
The new EBITDA projection surpasses the previous forecast range of NZ$23 million to NZ$29 million.
"The ability to provide a further upgrade to guidance is a real positive," said New Zealand King Salmon CEO Carl Carrington.
The company tightened its expected full-year harvest volume range to between 5,950 and 6,050 metric tonnes.
Following the announcement, the New Zealand King Salmon share price was up at $0.20.
Management continues investing in growth projects to support future harvest volumes across FY27 and FY28.
The producer previously improved operational execution by implementing a specialised summer diet for its fish stock.
