Seafarms Group, the company behind huge Australian land-based shrimp farm Project Sea Dragon, narrowed losses slightly in its latest financial year ending in August, but is still losing money.

The group posted a loss of AUD 25.5 million (€15.7 million/$18.6 million) for the year, compared with losses of AUD 30.9 million (€19.1 million/$22.5 million) in 2019, despite growing aquaculture revenues 14 percent to AUD 27.8 million (€17.2