NZ King Salmon earnings up 22% on strong US market, brand growth

New Zealand King Salmon reported a significant rise in its 2018 full-year earnings, ended June 30, due to strong sales growth in its export markets, particularly in the United States.

Earnings before interest and taxes (EBIT) jumped 22 percent year-on-year from NZD 17.2 million (€9.9 million/$11.5 million) to NZD 21 million (€12.1 million/$14.1 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 21 percent year-on-year from NZD 21.6 million (€12.4 million/$14.5 million) to NZD 26.2 million (€15.1 million/$17.6 million).