Tassal Group: Interim result 2013

Domestic sales growth led to improved profits. But the recent stock price rise has further tempered our enthusiasm.

Salmon farmer Tassal Group recently announced its results for the half-year ended 31 December. Revenue, rising 6% to $135.0m, translated into a heftier 22% jump in net profit, to $15.8m. The company actually sold slightly less salmon by volume during the half, cutting exports to near zero but with offsetting domestic market growth (and at higher average prices).


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