Clean Seas eyes profit

Clean Seas Tuna said it is on track to become profitable in the 2015 financial year, driven by improvements in its kingfish production.

The company attributes the turnaround to improvements in fish husbandry, which it says have been delivering outstanding results and lifting production to its best level for years.

According to the company, kingfish production has improved to its best level for years, a key factor in the business moving toward profitability.

No. Clean Seas reported that its kingfish population had not been affected by any feed or disease issues in the autumn, winter and spring of 2013.

The company specifically reported no feed or disease issues during the autumn, winter and spring of 2013.

Improved fish husbandry is linked by the company to better production and a path to profitability. For investors, this is a positive operational signal, although the company’s stated target is to be profitable in the 2015 financial year.

The article states Clean Seas is on track to become profitable in the 2015 financial year, which implies it had not yet confirmed profitability at the time of the announcement.

Investors should watch for the company’s upcoming financial results and operational updates that confirm whether improved kingfish production and husbandry are sustaining the path to profitability in the 2015 financial year.