TipRanks

Notifications

Clean Seas Adjusts Guidance Amid Fish Mortality Concerns

Clean Seas Seafood Limited (AU:CSS) has released an update.

Clean Seas Seafood Limited has withdrawn its FY25 sales and EBITDA guidance due to unexpectedly high fish mortalities in its Year Class 2024 cohort. While the company investigates the cause and assesses the impact, it reports positive developments with its Year Class 2025 cohort and the successful deployment of a new automated feed barge. These advancements are expected to enhance operational efficiency and sustainability.

For further insights into AU:CSS stock, check out TipRanks’ Stock Analysis page.

Tags: , ,
TipRanks European Auto-Generated Newsdesk
Tipranks Auto-Generated Newsdesk is driven by TipRanks’ Financial Accountability Engine, which brings transparency and accountability to the financial markets. We level the playing field for retail investors, delivering all the news that publicly traded companies release. Our advanced AI scans company announcements, translating complex ideas into easily understandable articles, then sends the articles for editorial review. For any questions or comments, please write to support@tipranks.com.