About the same, or slightly down on last year, which was well down on the year before....BUT most of the profit to be made in the next 6 months, not much in the last 6 months....

NZK Market Update - NZX, New Zealand’s Exchange

NZK Market Update

30/7/2021, 8:30 amMKTUPDTE30 July 2021

NZK - NEW ZEALAND KING SALMON – Earnings update

Further to advice provided on 3 June 2021, regarding difficulties with trading in the first half of FY22 (1H22: Feb to July 21), NZK is now able to be more specific on full year guidance.

The 2022 earnings forecast of proforma EBITDA is in the range of $8.0m to $10.0m, the majority to be generated in 2H22.

Fish size, which was a problem in the first half due to a one-off issue with the model, has now recovered and biomass is on track for a satisfactory position in October 2021. Price increases have also been implemented.

A hearing date has been established for the open ocean farming consent application, named “Blue Endeavour”, in October 2021, which has the potential to generate significant supply in future years.
ENDS