Higher than usual feed payments in Q4 FY18, which are $2.6m / 74% higher than Q4 FY17. This is due to a combination of an investment purchase of feed in Q4 FY18 ahead of an advised price increase and the impact of improved payment terms negotiated with feed suppliers early in FY18, which delayed a significant amount of feed payments from Q3 to Q4
Ann: Clean Seas Anticipating FY18 NPAT of $3m to $3.5m, page-7
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