Huon Aquaculture Group Limited Reports Production Results for the Year Ended June 30, 2019; Provides Production Guidance for the Fiscal Year 2020
Huon's forecast of production volumes for fiscal 2020 of at least 25,000 tonnes, provided in its trading update of 6 May 2019, is based on its substantial investment in rebuilding the biomass over 2019. Huon currently has fish in production that will support a 30,000 tonne production in fiscal 2021 which is where the business would have been if it had maintained its planned growth profile of 10% pa, prior to the setback experienced in fiscal 2019.