Business
Tale of price woe for salmon farmer Huon – The Australian Financial Review
Tasmania-based Huon has been hit hard by fall in prices, fire, fish escapes and stealing allegations at its processing plant.
Tasmania-based Huon said the price fall, high freight cost, global economic uncertainty and a forecast increase in global supply would hit its full-year earnings.
It expects full-year EBITDA to be substantially lower than last years $47.3 million.
Huon also flagged a hefty impairment and write down on the carrying value of assets based on recent business performance and outlook, combined with the companys market capitalisation trading below book value.
Huon is scheduled to release more details with…
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