SeaDragon predicts 60% boost in 2016 sales to generate positive earnings

Mon, 27 Jul 2015

By Paul McBeth July 28 (BusinessDesk) - SeaDragon, which this month announced plans for a deeply discounted rights issue, expects annual sales to rise 60 percent in 2016, helping generate positive pretax earnings. The Nelson-based company forecasts revenue of $10.1 million in the year ending March 31, 2016, up from $6.3 million a year earlier, and expects earnings before interest, tax, depreciation, and amortisation of $144,000, compared to an Ebitda-loss of $2.2 million in 2015, it said in a statement. The forecast relies on SeaDragon...

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