Salmon farmer New Zealand King Salmon posted a huge improvement in earnings for the first half of its 2024 financial year after strategies to reduce mortalities at its salmon farms proved successful.
The company, which has been struggling with warming sea temperatures, pulled its earnings before interest, tax, depreciation and amortization (EBITDA) into the black in the six months to July 31, hitting NZD 10.7 million (€5.9 million/$6.3 million).
This time last year, this number sat as a loss of NZD 12.7
