New Zealand King Salmon Investments Ltd 2023 AR2
The report highlights New Zealand King Salmon's financial and operational recovery in FY23, achieving a net profit of $1.9 million compared to a net loss of $73.2 million in FY22. To combat rising water temperatures from climate change, the company restructured its sea farming strategy by fallowing three warm-water sites in Pelorus Sound and focusing year-round operations in the cooler Tory Channel. Additionally, the company successfully completed its first seasonal harvest at Ruakaka farm, adding approximately 750 tonnes of biomass. Notably, the company received resource consent for Blue Endeavour, New Zealand's first open-ocean finfish farm, and was awarded the 2022 Sustainability Award at the Marlborough Chamber of Commerce Business Awards.
Company: New Zealand King Salmon Investments Ltd
Sector: Agriculture, forestry & fishing
Country: New Zealand
Year: 2023
Type: AR2
Pages: 106
Back to company
New Zealand King Salmon Investments Ltd
Annual Report
The report highlights New Zealand King Salmon's financial and operational recovery in FY23, achieving a net profit of $1.9 million compared to a net loss of $73.2 million in FY22. To combat rising water temperatures from climate change, the company restructured its sea farming strategy by fallowing three warm-water sites in Pelorus Sound and focusing year-round operations in the cooler Tory Channel. Additionally, the company successfully completed its first seasonal harvest at Ruakaka farm, adding approximately 750 tonnes of biomass. Notably, the company received resource consent for Blue Endeavour, New Zealand's first open-ocean finfish farm, and was awarded the 2022 Sustainability Award at the Marlborough Chamber of Commerce Business Awards.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2023
Reporting Period
Feb 1, 2022 - Jan 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees