Clean Seas optimistic despite poor results

Clean Seas Tuna on Monday reported its fiscal 2009 results, including a loss of AUD 18.4 million (USD 15.4 million, EUR 10.8 million).

The loss was largely due to winding down operations at its Mulloway broodstock facility, the Australian aquaculture company explained.

However, Clean Seas continues to move forward with its attempts to commercially breed Southern bluefin tuna.

“While fiscal 2009 was a tough year financially for Clean Seas and the world economy, the company is proud of the achievement made in breeding and growing Southern bluefin tuna during the year,” said Hagen Stehr, the company’s chairman and founder. “The company is positioned to be the first in the world to market commercial quantities of environmentally sustainable [farmed] bluefin tuna.”

Clean Seas expects positive results for its kingfish operation in fiscal 2010.

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