Huon Aquaculture Group Limited reported audited consolidated earnings and for the full year ended June 30, 2018. For the year, on consolidated basis, the company reported revenue from operations of AUD 318,252,000 against AUD 259,650,000 a year ago. Profit before income tax expense was AUD 30,546,000 against AUD 56,492,000 a year ago. Net profit for the period attributable to members of the Company was AUD 26,387,000 against AUD 42,160,000 a year ago. Basic and diluted earnings per share were 30.21 cents compared with 48.27 cents for the same period a year ago. Net cash inflow from operating activities was AUD 57,924,000 against AUD 53,989,000 a year ago. Payments for property, plant and equipment was AUD 87,679,000 against AUD 35,045,000 a year ago. Operating EBITDA was AUD 71.8 million against AUD 62.8 million a year ago. Net debt as at June 30, 2018 was AUD 81.3 million.

The company anticipates production guidance for the full year 2019. For the year, Current estimates for 2019 have harvest volume at just under 20,000 tonnes with an average HOG weight expected to be consistent with that delivered over the past three years.

Capital expenditure in 2019 is expected to be around AUD 70 million, down from AUD 88 million in 2018. Beyond 2019 capital expenditure it is expected to be well below the levels of 2018 and 2019, unless market opportunities dictate otherwise.