Marlborough-based King Salmon has been placed in a trading halt ahead of the scheduled release of its full year result and a potential capital raising.
King Salmon's Te Pangu Bay farm. File photo Photo: Supplied/ NZ King Salmon
The fish farming company said last month it had been experiencing higher than expected sea farm mortality, which is expected to hit its bottom line as well as earnings for the current year ending January 2023.
The company said it was committed to minimising sea farm mortalities, which were adversely affected by warming sea levels.
The company was expected to release its result today, which had been delayed by disruptions caused by the spread of the Omicron Covid-19 variant.