Strong Sales Growth Continues – Q3 +80% and YTD +59% Above Prior Year
Sales volumes continued to grow strongly in Q3 with fresh fish sales leading the increase. Q3 fresh sales of 490 tonnes were 65% above prior year and 18% above Q2FY16. YTD (9 months) fresh sales of 1,218 tonnes were 51% above prior year. Frozen fish sales of 45 tonnes in Q3 and 65 tonnes YTD also represented significant increases from the prior year. These growth rates build further on the 92% total increase achieved in FY15.
Sales growth has been achieved mainly in the Australian and European markets with farm gate returns consistent with expectations. Solid progress has been made on initiatives to sell surplus biomass with a strong focus on leveraging these stocks to develop a longer term position in Asian markets. It is anticipated that these sales will commence in Q4FY16 and continue into FY17
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