SeaDragon flags 'extremely disappointing' increase in forecast FY loss

Thu, 08 Nov 2018

By Pattrick Smellie Nov. 9 (BusinessDesk) - Perpetual under-performer SeaDragon is warning its full-year operating loss could be more than double the guidance it gave in June as it struggles to meet new European product certification requirements for refined tuna oil used in infant formula. "It is extremely disappointing that we continue to face significant complex certification and production specification issues across our supply chain," chairman Colin Groves said in a statement to the NZX. "Although we have overcome many issues the fac...

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