Shares of New Zealand King Salmon Investments (ASX:NZK) are observed rising by 18.4%, making it potentially the best day for the company since April 2022 if the surge subsists.

Placed at NZ$0.225, the salmon supplier is recording this mountainous uptrend following an announced half-yearly net profit of NZ$10.6 million, a sharp contrast to the net loss of NZ$24.5 million endured the previous year.

Additionally, the company revised its FY24 pro-forma EBITDA forecast upwards, now ranging between NZ$23.5 million and NZ$27.5 million, a substantial increase from the prior range of NZ$21 million and NZ$25 million.

Furthermore, NZK stocks have reached their highest point since February 27, even though a 13.6% fall in stocks is reported for the year to date as of the last closing.

Note: New Zealand King Salmon investments is a leading supplier of AKAROA and Ora King premium salmon products.