Huon downgrades guidance, flags impairments
Huon has blamed the Australia China trade war and plummeting salmon prices for a big downgrade to operating earnings guidance and warning over asset writedowns ahead.
It said international salmon prices were down 40 per cent over the half and now projects FY 2021′s operating earnings to finish substantially below FY 2020′s $47.3 million.
It also blamed employee misconduct and operational mishaps for significant fish losses over the half, with the stock damage valued at around $1.8 million.
