expects fy10 loss of $16m-17m

Balance sheet now markedly improved beating my expectation and taken 11.

Sydney - Tuesday - August 10: (RWE Aust Business News) - Clean
Seas Tuna Ltd (ASX:CSS) anticipates that there will be a variation of
more than 15 per cent for comparable half year and full year results in
FY10, with the rate of loss for the second half materially improved.
The improvement has resulted from decreased costs and improved
productivity through a continuing company-wide cost reduction initiative,
increased farm gate prices and change in strategic direction.
The company is currently finalising its FY10 results.
First half results ($14.2 million loss post tax) were materially
impacted by write downs of excess inventory as a consequence of an overly
optimistic production schedule.
The company has now largely cleared its excess inventory and is
moving towards a balance between production and sales of some 2,500
tonnes per annum.
To the above background, the company anticipates a loss post tax
for H210 in the order of $2m to $3m (H110 $14.2 million loss, H210 $5.9
million loss) resulting in an anticipated FY10 loss post tax in the order
of $16m-17m.
Results will be out in the last week of August.

Reuters.