Ann: Response to ASX Price Query, page-14

It has been suggested by the Norwegian Salmon producers that Inflation should hurt other protein producer more than salmon, primarily because Salmon has a better Food Conversion Ratio. You get more output from Salmon compared to what you get from other protein producers.
So we might be better off than competitors like red meats.

There has been a fair bit spent on expansion on the last few years, and now there are reduced capital requirements, which is fortunate. On the other hand, we are getting good interest rates on on our loan (avg 2% and average tenure a couple of years IIRC) but thats going to look a lot different next refinance. The lease terms on the well boat are higher interest, i think they are floating, somewhere around 4%

At the moment their is global food scarcity and record prices, sales outlook is looking better than it has for a long time.

The latest presentation said margins are being maintained on the tightest segment (domestic retail) with costs being passed on, and increasing margins elsewhere, they talked about a "salmon price re-rating to drive stronger margins", so im feeling good about the outlook.