[ADELAIDE], 29 AUGUST 2023
Clean Seas Seafood Limited (ASX: CSS, OSE: CSS) presents its FY23 Results Investor Presentation.
Overview:
Full year profitability and positive cash flow milestones achieved
Growing awareness and acceptance of Yellowtail Kingfish globally
Strong resonance of Clean Seas commercial messaging, highlighting quality, culinary flexibility and Spencer Gulf provenance
Maintained optimal live and frozen inventory sales mix, eliminated frozen clearance stock which drove record pricing and reduced non-feed production costs
Delivered $8.5m improvement in operating profitability, positive cash flows and record group revenue of $69.4 million
Progress on sustainability agenda with novel feed ingredients and asparagopsis collaboration
Considerable untapped opportunity for future global expansion with enabling balance sheet
The full Announcement is attached.
Authorised for release by the CEO of Clean Seas Seafood Limited.
For further information please contact:
Rob Gratton
CEO
rob.gratton@cleanseas.com.au