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New Zealand Coastal Seafoods Cuts Losses, Eyes Coral Sea Expansion and Acquisition
8:39am on Monday 2nd of June, 2025 AEST
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Seafood
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New Zealand Coastal Seafoods Cuts Losses, Eyes Coral Sea Expansion and Acquisition
8:39am on Monday 2nd of June, 2025 AEST
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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