New Zealand King Salmon (NZKS) posted another set of “disappointing” financial results for the first half of the year, as the company continues to face multiple challenges.

Sea farm mortalities, lower harvests and a decline in biomass at sea were the main problems weighing on New Zealand's largest salmon farmer during the six-month period ending July 31.

The group posted a net loss after tax of NZD 24.5 million (€14.4 million/$13.8 million), while revenue was flat at NZD 80 million (€47 million/$44.9