NZ Coastal Seafoods Expands Fishing Operations
Company Announcements

NZ Coastal Seafoods Expands Fishing Operations

New Zealand Coastal Seafoods Limited (AU:NZS) has released an update.

New Zealand Coastal Seafoods Limited (ASX: NZS), a producer and distributor of premium seafood and marine ingredients, has executed a collaboration agreement with the 75-ton vessel Cody Star, targeting large blue-spotted coral trout and snapper for export and domestic markets, respectively. The company projects annual revenues of $1.5 to $3 million from this venture and plans to commission a second vessel in 2025. NZS is known for its sustainable practices and provides high-end seafood products to Australia and the Asia-Pacific region.

For further insights into AU:NZS stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App