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The Nelson based company will get a cash payment this month which will give a one off kate spade hk lift to profit after reaching a deal with "a key supplier in regards to additional costs incurred and absorbed in the current and prior financial years," managing director Grant Rosewarne said in a statement.
In March, the company posted a 52 per cent gain in first half profit to kate spade price $8.7m and said it was on track to meet prospectus guidance for a profit of $10m on revenue of $130.1m in the year ending June 30, 2017.
Today, King Salmon said its fish performance metrics in the peak summer period were in line with overall expectations.
The shares last traded at $1.
32, up from their $1.12 listing price in an initial public offering last October. King Salmon raised $70m of which $30m went to repay debt and fund future investment, with the rest paying existing shareholders who sold down their holdings.
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