chief71 agree result was better than expected . i thought...

chief71 agree result was better than expected . i thought revenues would have been 6-7 million. second half will be substantially higher than first half. business will cashflow positive from next quarter. great business here in growing market. css is a takeover target imo. tassal or someone similar.

frosty

Clean Seas’ recorded a loss before tax for the current half-year of $711k which is a significant improvement from the $1.933m loss reported for the first half of FY14. Revenue increased 123% to $8.6m which was offset by biomass invested growth increases associated with the substantial and planned increased volume of Yellowtail Kingfish. This will underpin further substantial increases in revenue in future periods. The seasonality of Clean Seas’ earnings needs to be noted, due to the majority of annual fish growth and therefore reported profits occurring in the warmer seawater temperatures of the second half of the financial year as detailed in note 5 to the accounts.