New Zealand Coastal Seafoods Limited (AU:NZS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
New Zealand Coastal Seafoods Limited, a processor and distributor of premium seafood and marine ingredients, has reported a collaboration with a 75-ton fishing vessel, Cody Star, to target exports of blue-spotted coral trout and domestic snapper markets. The company saw customer receipts of A$70,000 in the last quarter but retracted a previous revenue forecast for the agreement, emphasizing that the anticipated annual revenues were speculative and should not be relied upon for investment decisions. Additionally, plans to commission a second vessel in 2025 were outlined.
For further insights into AU:NZS stock, check out TipRanks’ Stock Analysis page.