NZK - NZ King Salmon

[Toddy]

What kind of ball park capital are we talking about will be needed to build the operation?

[aquaman]

I hope this works well for them but i have concerns about the ability for any structure anchored to the sea bed to withstand the extreme weather conditions known for this area of Cape Lambert. There is a lot riding on a huge investment in design and infrastructure which would be expected to have been though a rigorous test phase. A stormy sea is unforgiving.

[RGR367]

It's risky but remember that our SPP price has already been doubled at today's price. This is the no guts no glory moment to add more if you're a holder I think.

[Sideshow Bob]

https://www.nzx.com/announcements/428632

New Zealand King Salmon Investments Ltd (NZX & ASX: NZK) reports its financial performance for the 12 month period ended 31 January 2024 (FY24). Key points include:

• FY24 net profit for the year of $28.5 million, compared to a net profit for the year of $1.9 million in FY23.
• FY24 pro-forma EBITDA was a profit of $24.5 million, compared to an EBITDA loss of $2.7 million in FY23.
• Mortality expense reduced from $25.9m in FY23 to $12.6m in FY24.
• Revenues increased from $167 million in FY23 to $187 million in FY24 (an increase of 12%).