Clean Seas Seafood Limited (AU:CSS) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Clean Seas Seafood Limited has revised its FY25 sales volume guidance due to higher-than-expected fish mortalities in its Year Class 24 cohort, reducing estimates to 2,200–2,300 tonnes. Operational challenges and management deficiencies led to significant losses, prompting the company to implement improvements in farming practices and management. Despite these setbacks, Clean Seas remains optimistic about the performance of its Year Class 25 fish, which are showing strong growth potential.
For further insights into AU:CSS stock, check out TipRanks’ Stock Analysis page.
