Beleaguered South Australian aquaculture company Clean Seas Tuna continues its decisive consolidation on the road to profitability, updating company shareholders following "strong ongoing Yellowtail Kingfish performance".
"The new season fingerlings introduced in November, 2012, continue to perform above expectations, and now exceed 1.0kg after five months of their 15‐18 month growth cycle," said Cleanseas Tuna CEO Craig Foster.
"The fish performance is amongst the best we have ever achieved, and we are excited with the quality of the yellowtail fish, including their heath and general appearance. The new-year class of Kingfish fingerlings will be introduced into the sea pens in October this year for their final grow‐out, and are expected to return the company to acceptable production tonnages in line with our revised strategy.
According to the company, ongoing hatchery research and development has "resolved a long term yellowtail fingerling production issue, which will dramatically improve the cost of production of fingerlings through consistently higher survival rates".
"We are well advanced in re‐organising the Yellowtail Kingfish hatchery to implement the new findings," Mr Foster continued.
"We look forward to continued strong performance under the Yellowtail breeding and grow‐out program to deliver increased production tonnages in line with the company's production targets."
Image Source: Taso Viglas
Disclosure: The Baird family, publishers of this website, are shareholders of Cleanseas Tuna.
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