SeaDragon misses annual earnings guidance, refinery costs rise to $10.6 mln

Tue, 26 Apr 2016

By Paul McBeth April 26 (BusinessDesk) - SeaDragon missed its annual earnings guidance as a downturn in sales pushed down prices of Omega-2 oil and says the final cost of its Omega-3 refinery will be more than previously expected. Earnings before interest, tax, depreciation and amortisation in the 12 months ended March 31 were "lower than previously indicated to the market," the Nelson-based fish oil refiner said in a statement. SeaDragon, which had previously forecast annual earnings of $144,000, will publish its audited results next mo...

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