Smooth Sailing Forecast For Clean Seasff

Clean Seas Tuna Ltd said it was on track to achieve its objectives for this financial year.

The fish farming group’s managing director, Marcus Stehr, said the company had been working hard to ensure its business plans were implemented on time. “We remain totally committed to ensuring the promises set out in our prospectus are delivered on time and on budget,” Mr. Stehr said.

”By doing so, shareholder wealth will be created. I remain confident Clean Seas is on track both operationally and, as events elsewhere in the world show, in a strategic sense.”

The fish farming group, which listed on the Australian Stock Exchange in December, said it was on target to expand its current breeding business.

This includes growing out and selling kingfish and mulloway, upgrading its hatchery at Arno Bay in South Australia to allow breeding and selling of southern bluefin tuna.

It also said firming tuna prices for the Japanese market and Australian government efforts to stop over-fishing of southern blue tuna were encouraging signs for sales.