Sea Forest Reports Sequential Rise in Fiscal Q3 Revenue

MT Newswires Live

Apr 29

Sea Forest (ASX:SEA) reported revenue of AU$1.1 million in the fiscal third quarter ended March, up 92% from the previous quarter, driven by growth in contracted SeaFeed livestock feed supplement volumes, according to a Wednesday filing with the Australian bourse.

The company closed the March quarter with a cash balance of AU$8.4 million, down from AU$9.8 million in the fiscal second quarter, and an aggregate liquidity position of AU$27.4 million, compared with AU$28.9 million in the previous quarter.

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