SeaDragon first half loss widens on factory costs, sales soar

Thu, 26 Nov 2015

By Paul McBeth Nov. 27 (BusinessDesk) - SeaDragon, the fish oil processor which has attracted health products maker Comvita as a cornerstone shareholder, widened its first-half loss on mounting interest costs associated with the company's newly built Omega-3 factory, which starts operating in coming days. The Nelson-based company reported a net loss of $688,000, or 0.04 cents per share, in the six months ended Sept. 30, from a loss of $574,000, or 0.03 cents, a year earlier, it said in a statement. That included finance expenses of $255,...

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