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New Horizon for Clean Seas

Economics +1 more

AUSTRALIA - Aquaculture group Clean Seas Tuna believes it can reduce its losses by up to 35% in the first half of 2010-11.

In the previous cquarter the company saw a loss of A$14.2 million.

MD Clifford Ashby said higher prices for its products as well as a cost efficiency drive were the reasons for the good outlook.

An improved profit result had recently been called for by Clean Seas' auditor, to ensure the company can trade as a going concern.