Struggling Barramundi Group sags under weight of USD 23 million net loss in 2022

A Barramundi Group farm.
Singapore-based Barramundi Group recorded a SGD 31.9 million (USD 23.6 million, EUR 21.6 million) loss in 2022, according to financial results released 23 June.  The results, which the company delayed releasing, were bluntly prefaced by company CEO James Kwan  who said they leave him with “great heaviness of spirit.” The results also caused its stock to be placed on the Oslo Stock Exchange’s penalty bench.  “Our business did not perform well in 2022 and key developments in early 2023 have not…

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