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5 stories mentioning NZE:NZK

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Asia

New Zealand Shares Rise; New Zealand King Salmon Investments Reports Profit for Fiscal H1

New Zealand shares ended higher on Tuesday while Asian stocks were mixed amid new US strikes against Iran.The S&P/NZX 50 Index rose 0.77% or 99.46 points to close at 13,069.74.The US on Monday launched strikes on southern Iran on targets including boats allegedly laying mines and missile launch sites, describing the operations as defensive measures, according to a Monday Reuters report."The market wants to believe that it's all going to end soon, because the war not ending is quite bad for the world economy. The world economy's had these buffers of running down inventories, but you can't keep running down inventories," said Commonwealth Bank of Australia Strategist Joseph Capurso, as quoted by Reuters.In domestic news, total new residential mortgage lending in New Zealand fell to NZ$7.99 billion in April from NZ$9.5 billion in March, according to data from the Reserve Bank of New Zealand.In corporate news, New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) reported Tuesday fiscal first-half earnings of NZ$0.03 per share.Radius Residential Care (NZE:RAD) completed its purchase of the Karori care home in Wellington.

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Asia

New Zealand King Salmon Investments Reports Profit for Fiscal H1, Upgrades Guidance; Shares Gain 14%

New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) reported Tuesday fiscal first-half earnings of NZ$0.03 per share.Following a change in its fiscal year-end date to Sept. 30, the company compared the fiscal first-half 2026 results with the six months through July 2025, a period for which it posted a loss of NZ$0.04 per share.Revenue from contracts for the six months ended March 31 was NZ$100.3 million, compared with NZ$94.5 million in the six months through July 2025.The company upgraded its fiscal year 2026 pro-forma earnings before interest and taxes to NZ$13 million to NZ$19 million from a previous range of NZ$10 million to NZ$18 million. It also raised its fiscal year 2026 pro-forma earnings before interest, taxes, depreciation, and amortization outlook to between NZ$23 million and NZ$29 million from a previous range of NZ$19 million to NZ$27 million.New Zealand King Salmon Investments said the impact of the Middle East conflict on fiscal year results has diminished "with the passing of time and the fuel price increases slowing," but warned that ongoing uncertainty around airfreight availability for exporting may impact future performance.The company's shares gained 14% in recent Tuesday trade on the New Zealand bourse.

ASX:NZKNZE:NZK
Asia

New Zealand King Salmon Reaches Key Milestone in Blue Endeavour Open-Ocean Pilot Project

New Zealand King Salmon Investments (ASX:NZK, NZE:NZK) has advanced its Blue Endeavour pilot project with the successful installation of both pilot pens and a mooring grid, marking a key milestone in its open-ocean salmon farming project, according to a Tuesday filing with the Australian and New Zealand bourses.The project is expected to receive its first fish in late May to early June, delivered by the recently arrived Ronja King wellboat, which will begin operations after completing clearance and onboarding in the coming weeks, the filing added.

ASX:NZKNZE:NZK
Asia

New Zealand Shares Fall Amid Cautious Trading Ahead of US-Iran Peace Talks; New Zealand King Salmon Investments Lifts Fiscal 2026 Outlook

New Zealand shares ended lower on Friday as most Asian markets saw a sell-off as investors remained cautious despite the Israel-Lebanon ceasefire taking effect ahead of US-Iran peace talks.The S&P/NZX 50 Index fell 1.2% or 160.4 points to close at 12,905.67.US President Donald Trump has said that the next discussions between the US and Iran may take place over the weekend, according to a Thursday Reuters report.In domestic news, New Zealand's electronic card spending rose 1.3% month over month to NZ$9.85 billion in March on a seasonally-adjusted basis, matching the 1.3% increase recorded in the previous month, according to data from Stats NZ.Also, the average asking price for a property in Christchurch in March held steady over the past three years and remained lower than other main centers in New Zealand, data from realestate.co.nz showed.Further, petrol and diesel prices in New Zealand increased by nearly 19% and 43%, respectively, in March compared with the previous month, according to a Stats NZ selected price index report.Meanwhile, annual inflation in New Zealand is expected to slow by 0.2 percentage points in the March quarter to 2.9%, slightly higher than the previous forecast of 2.8% but slightly lower than the Reserve Bank of New Zealand's (RBNZ) April forecast of 3%, ANZ Research said in a note.In corporate news, New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) upgraded its fiscal 2026 guidance, now expecting pro-forma earnings before interest, taxes, depreciation, and amortization of NZ$19 million to NZ$27 million, up from NZ$9 million to NZ$15 million.Contact Energy (NZE:CEN, ASX:CEN) has applied to quote about 5 million ordinary shares issued in connection with its acquisition of an additional stake in King Country Energy.

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Asia

New Zealand King Salmon Investments Lifts Fiscal 2026 Outlook on Strong Summer Performance; Shares Jump 15%

New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) upgraded its fiscal 2026 guidance, now expecting pro-forma earnings before interest, taxes, depreciation, and amortization of NZ$19 million to NZ$27 million, up from NZ$9 million to NZ$15 million, according to a Friday filing with the Australian and New Zealand bourses.The company also forecasts earnings before interest and taxes of NZ$10 million to NZ$18 million, compared with its previous outlook of between a NZ$3 million loss and a NZ$3 million profit, per the filing.The company increased its expected fiscal 2026 harvest whole gilled and gutted volume range to 5,800 to 6,100 metric tonnes, up from the prior guidance of 5,500 to 5,900 metric tonnes, the filing said.The improvement is attributed to stronger summer performance, with increased harvest volumes, enhanced fish growth from a new feed diet, and greater operational efficiency.The company has widened its guidance to reflect external risks such as higher air freight costs and supply chain pressures driven by global oil prices and the ongoing Middle East conflict, while still expecting performance to remain stable, the filing added.The company's Kiwi shares jumped 15% in recent Friday trade.

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