Despite a significant hike in revenues, earnings for Australian salmon farmer Huon continued to be stained by COVID-19 in the first half of the company's 2021 financial year, with a recent profit downgrade attracting offers from potential investors.

"In light of recent unsolicited approaches, the board has initiated a strategic review to assess potential corporate level transactions for the benefit of shareholders," wrote Huon in its results announcement to the Australian Stock Exchange, although it also pointed out that there should be no assumption that a transaction will eventuate.