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An announcement from Seafarms Group Limited ( (AU:SFG) ) is now available.
Seafarms Group Limited reported a half-year loss of $6.7 million, primarily due to ongoing investments in Project Sea Dragon, a significant aquaculture initiative. Despite the financial loss, the company saw increased exports of tiger prawns and revenue from post-larvae sales, reflecting strategic market development and industry recognition. The sale of two farms is expected to complete by April 2025, providing additional financial resources.
More about Seafarms Group Limited
Seafarms Group Limited is a sustainable aquaculture company known for producing premium Crystal Bay® Prawns and is actively developing the Project Sea Dragon prawn aquaculture project in northern Australia.
Current Market Cap: A$9.67M
For an in-depth examination of SFG stock, go to TipRanks’ Stock Analysis page.