Looks like a good result from Tassal Group.The six months to...

Looks like a good result from Tassal Group.

The six months to December saw revenue jump 43.3 per cent with statutory net profit after tax 31.6 per cent higher.

Tassal says statutory earnings before interest, taxes, depreciation, and amortisation was 25 per cent higher to $96.88m. Operating EBITDA was up by 14 per cent to $89.5m, reflecting strong revenue growth partially offset by lower EBITDA $/kg as a result of grocery tenders in Fy21 and a material increase in supply chain costs.

Salmon sales increased 37.1 per cent to $349.92m, with volume up 25.1 per cent to 25,601 hog tonnes at an improved price, while prawn revenue soared 480 per cent to $30.19m. "Sales volume growth of 365.3 per cent to 1,670 tonnes included continued growth in harvested tonnes as well as the profitable sell through of frozen prawn inventory held at 30 June 2021 – with the focus on sales in the domestic market," Tassal says.