Barramundi Group Narrows H1 Loss Despite Lower Revenue
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Barramundi Group posted lower revenue but a sharply narrower net loss in the first half of the year, as improved biological performance and tighter operational discipline in Brunei helped offset continued challenges in its marine farming business.
In results released Aug. 28, the company reported revenue of 6.45 million Singapore dollars (nearly $5.1 million), down 9.7% year over year (YOY). Net profit improved to negative 1.89 million Singapore dollars (a loss of about $1.5 million), while cash and cash equivalents...
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