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New Zealand Coastal Seafoods Cuts Losses, Eyes Coral Sea Expansion and Acquisition

9:34am on Wednesday 12th of February, 2025 AEDT Seafood
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New Zealand Coastal Seafoods Cuts Losses, Eyes Coral Sea Expansion and Acquisition

9:34am on Wednesday 12th of February, 2025 AEDT
Key Points
  • Closure of New Zealand operations reduces net loss to $108,109 in FY24
  • Successful initial explorational fishing trips in the Coral Sea by vessel Cody Star
  • Company investigating commercialisation opportunities for Coral Sea Fishery permits
  • Potential acquisition under consideration to enhance revenue streams
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