7 April 2016 The Manager Listings ASX Market Announcements...

7 April 2016
The Manager Listings
ASX Market Announcements
Australian Securities Exchange
Level 4, Exchange Centre
20 Bridge Street
Sydney NSW 2000
Via e-lodgement
Tassal rebalances sales channels to optimise returns
Tassal Group Limited (ASX: TGR) today announced that in line with its strategy to rebalance
sales channels and optimise returns, it has decided to withdraw its tenders for two domestic
retail supply contracts – Coles’ fresh Salmon Deli business and fresh Salmon to Simplot for
supply of packaged Salmon to Coles. The supply contracts for Coles fresh Salmon and Simplot
will finish on 4 June 2016 and 30 June 2016, respectively.
This decision was taken to ensure Tassal continues to generate sustainable returns moving
forward in light of warmer water impacting growing conditions for near term supply. As Tassal
is rebalancing its sales channels to maintain sustainable returns, this decision is not expected to
impact revenues and earnings going forward.
Tassal has had a long and enduring relationship with Coles. This relationship is not expected to
change, and Tassal will continue to supply a wide range of other Salmon and Seafood products
to Coles.
The domestic wholesale salmon market has had, and continues to have, supply restrictions and
increased pricing to ensure impacts from a warm summer can be mitigated. This provides
Tassal with the opportunity to redirect salmon production into other domestic markets to
optimise returns following completion of the above contracts.
The export market continues to present favourable conditions given supply shortages globally
that are expected to continue for the next two years, with increased pricing and a low Australian
dollar. Tassal will continue to utilise the export market to balance sales volumes in line with
optimising shareholder returns.
-ends-
Media / analyst queries:
Mark A. Ryan
Managing Director & CEO
Phone: 0414 729 101 / Email: [email protected]
About Tassal

Feb 2016 weather condition had huge impact and company were hiding.
These results confirms there was no growth in stock and give up on tenders was because of weather impact...



Salmon volumes sold 2017vs2016 11,761 vs 13,059..... - 10%

I was writing this in April 2016, so go and read posts again.

Management didn't tell the truth... who knows what is real size of biological stock...