Barramundi Group Reports Loss in Q1, Set to Begin Australia Expansion Funding in Q3
Singapore-based Barramundi Group reported a net profit loss of $5.9 million and a $1 million dip in revenue when compared to the same quarter in 2021.
The company adopted the full capitalization method for biological assets to come in line with other companies reporting methods in the seafood industry.
“The full capitalization method results in a higher cost of biological assets and will result in a higher cost ex-farm at the time of harvest. As in Q1 2022 production costs have been...
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