One small-cap ASX stock is getting plenty of attention on Thursday.
According to the release, New Zealand King Salmon has lifted its full-year earnings expectations.
Harvest guidance hasn't changed, with New Zealand King Salmon still expecting between 5,950 and 6,050 metric tonnes in FY26.
New Zealand King Salmon is aiming to lift harvest volumes to between 7,200 and 7,600 tonnes in FY27, before targeting 8,500 to 9,100 tonnes in FY28.
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Summarized version
New Zealand King Salmon Investments Ltd shares are up 13.51% to 21 cents at the time of writing. The move has pushed shares close to their 22-cent 52-week high.
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The one thing this headline claims did not turn up in the report.
The figure “14%” is in the headline. We could not find it in the report.
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The article, shortened and in plain language
One small-cap ASX stock is getting plenty of attention on Thursday.
New Zealand King Salmon Investments Ltd shares are up 13.51% to 21 cents.
The move has pushed shares close to their 22-cent 52-week high, while lifting the company's market capitalisation to $113 million.
According to the release, New Zealand King Salmon has lifted its full-year earnings expectations.
The company now expects FY26 pro-forma EBITDA of between NZ$36 million and NZ$39 million.
Pro-forma EBIT guidance has also moved higher to between NZ$27 million and NZ$30 million, up from NZ$21 million to NZ$25 million.
Harvest guidance hasn't changed, with New Zealand King Salmon still expecting between 5,950 and 6,050 metric tonnes in FY26.
In its half-year results, New Zealand King Salmon reported a net profit of NZ$13.8 million, compared with an NZ$20.8 million loss in the previous corresponding period.
New Zealand King Salmon is aiming to lift harvest volumes to between 7,200 and 7,600 tonnes in FY27, before targeting 8,500 to 9,100 tonnes in FY28.
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The Motley Fool AustraliaGuess which ASX stock is rocketing 14% today?plain
The Motley Fool AustraliaLovisa vs Temple & Webster: Which ASX retailer is the better growth stock today?plain
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