SeaDragon expects wider FY loss as new Omega-3 refinery slow to take off

Tue, 28 Feb 2017

By Rebecca Howard March 1 (BusinessDesk) - SeaDragon, which manufactures fish oils for health supplements, expects to report a wider loss in the year ending March 31 due to the length of time to transition from its legacy Omega-2 business to Omega-3 fish oil produced by its new refinery. The Nelson-based fish oil refiner said it expects to report a loss of $4.3 million to $4.5 million on a normalised earnings before interest, tax, depreciation and amortisation basis, versus a 2016 loss of $400,000. The new higher-value Omega 3 refine...

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