SeaDragon reports $574,000 half-year loss due to raw material constraints

Wed, 19 Nov 2014

Nov. 19 (BusinessDesk) - SeaDragon, which manufactures fish oil for health supplements, has reported a $574,000 half-year loss, 362 percent down on the same period last year after difficulties securing raw material saw its factory underused. The Nelson-based company reported strong sales growth of 23 per cent to $2.6 million in the six months ending Sept. 30, ahead of the $2.4 million the company signalled when it released half-year sales figures in early October. It said it expected full year sales and underlying profit to rise ahead of...

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