Seadragon 1H loss widens to $3.4mn as it continues transformation to Omega-3 production

Thu, 17 Nov 2016

By Sophie Boot Nov. 18 (BusinessDesk) - Seadragon, the fish oil refiner, more than quadrupled its first-half loss with revenue falling as the company continued its transition to higher value Omega-3 fish oil products from Omega-2. The company posted a loss of $3.4 million in the six months ended Sept. 30, from $688,000 in the same period a year earlier. Revenue dropped 34.6 percent to $3.1 million, with negative normalised earnings before interest, tax, depreciation and amortisation of $2 million, from negative ebitda of $146,000 in 2015...

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