The Nelson-based company, with seven farms scattered around the sounds, wants to move six of the about 30-year-old farms to better water flow sites, with public consultation still under way.
For its half year to December, sales rose from $56.6million to $63.6million, while after-tax profit rose from $5.7million a year ago to $8.7million.
Gilled and gutted salmon sales were up 13% on a year ago at 3400 tonnes, while exported volumes were up 19% and domestic sales rose 10%.
King Salmon, which listed last October after raising $70million selling shares, is 40% owned by Malaysia's Oregon Group.
King Salmon's full-year guidance for the year ending June remains at revenue of $130.1million, and a $10million profit, compared with $2.6 million a year ago.
King Salmon shares were up slightly following the announcement, at $1.37, having gained almost 25% since listing.
King Salmon chairman John Ryder was positive about the company's future and its global potential, saying it was ''on track'' with investment in new farm capacity and operational upgrades.
The Minister for Primary Industries opened public consultation in January on King Salmon's proposal to relocate up to six salmon farms, some of which were up to 30 years old, from their historical locations to more suitable higher-water-flow sites.
King Salmon chief executive Grant Rosewarne said the company was supportive of the independent process, believing a successful outcome would generate significant and positive environmental, social and financial benefits for all stakeholders, including the local community.
