Seadragon forecasts smaller loss in FY18 on improved sales despite China, Europe challenges

Wed, 20 Sep 2017

By Sophie Boot Sept. 20 (BusinessDesk) - Seadragon says it is "cautiously confident" of success in the year ahead despite setbacks to its presence in the omega-3 market and "teething issues" with its products. At Seadragon's annual meeting in Tauranga today, chair Colin Groves said the company expects normalised earnings before interest, tax, depreciation and amortisation to be a loss of between $2.4 million and $2.7 million in the six months ended Sept. 30. The annual result will be "a lower loss than last year - assuming we are able to...

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