Big­ger fish bring bet­ter mar­gins says Tas­sal

Fish Farmer - - World News -

TAS­MA­NIAN salmon farmer Tas­sal said sell­ing big­ger salmon had gen­er­ated bet­ter mar­gins in its half-year re­sults to De­cem­ber 2019.

The com­pany, which also farms prawns, an­nounced rev­enue of AU$274.49 mil­lion, a drop of 15.8 per cent on the cor­re­spond­ing pe­riod last year, but op­er­at­ing EBITDA was up 3.4 per cent to $66.46 mil­lion. Salmon op­er­at­ing EBITDA per kilo in­creased by 15.5 per cent from $2.98 to $3.44.

Tas­sal de­cided to sell and har­vest less salmon in the first half to un­der­pin strong har­vest vol­umes and sales in the sec­ond half and the next fi­nan­cial year, said Tas­sal chief ex­ec­u­tive and man­ag­ing di­rec­tor Mark Ryan.

Salmon live biomass was up 15.5 per cent to 23,151 tonnes on De­cem­ber 31, 2019, com­pared to De­cem­ber 31, 2018 (20,044 tonnes). Av­er­age salmon size was 4.8kg head-on gut­ted in the pe­riod, an in­crease of 100 grams com­pared to 1H19.

‘Salmon live biomass grew sig­nif­i­cantly over the past six months given our fo­cus on sus­tain­able farm­ing and fish health prac­tices in­clud­ing breed­ing, biose­cu­rity, feed au­to­ma­tion, feed diet for­mu­la­tion, stock­ing den­si­ties, op­ti­mis­ing leases with fal­low­ing, growth times and sur­vival,’ said Ryan.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.