NZ King Salmon shares have lost 71% of their value this year - 5 things you should know
Summary by Ground News
New Zealand King Salmon reported a loss of $73 million for the year to the end of January. A lot of its fish died as a result of warmer sea temperatures over summer. The company decided to change its farming practices and cut back on the use of its warmer sites. This is going to reduce its future harvest volumes and cashflows, and because of that it was forced to write down the value of its assets.1 month ago·New Zealand
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