Australia's Seafarms Group, the company behind Nissui-backed Project Sea Dragon, saw losses increase for another year, with investments in their mega-shrimp farm and challenges with broodstock weighing heavy on the 2019 financial year.
For the 12 months reporting period ending June 30, Seafarms reported a loss of AUD 30.9 million (€19 million/$20.8 million), increasing last year's loss by 55 percent, the lion's share of which came from development costs and expenses related to research and development and infrastructure costs at Project Sea Dragon.
