New Zealand King Salmon NPAT rises 52%

Company News

by Jessica Amir

New Zealand King Salmon Investments Limited (ASX:NZK) has announced a 52% increase in its net profit after tax (NPAT) to $8.7 million for the six months to 31 December 2016 (compared to the prior corresponding period). 

The world’s largest aquaculture producer of King Salmon also reported a 13% rise in gilled and gutted sold salmon, compared to the prior corresponding period.

The company says its branding, market position strategy and positive results underpin its future growth.

The company also declared an interim dividend of 2 cents per share.
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.