SeaDragon expects smaller 2019 loss as it looks to secure more funding

Thu, 07 Jun 2018

By Tina Morrison June 8 (BusinessDesk) - SeaDragon expects its loss to narrow in the coming year as it works to secure more cash to fund longer-term growth. The fish oil manufacturer forecast a net loss after tax of between $3.6 million and $4.55 million in the year ending March 31, 2019, an improvement from the $6.1 million loss in its 2018 financial year, the Nelson-based company said in a statement. SeaDragon said its ability to deliver on its forecast is underpinned on securing long-term funding for the company. The biggest shareho...

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