SeaDragon announced sales results for the month and six months ended 30 September 2014. The company announced that strong squalene sales in the second quarter have lifted revenue for the six months to 30 September 2014 to $2.445 million, up 17% on the prior year.

Furthermore, sales for the month of September were $1.055 million, a record for any one month for the company and an indication of the existing plant's potential when sufficient raw material can be sourced.

The company also announced that the application for the building consent for its new refined fish oil plant (RFO) has been approved. The company has also entered into a long-term lease with the factory's landlord, clearing the way for construction to commence within the coming weeks. The new facility, which will be built for a total cost of around $7.5 million, is to be shared between its landlord and SeaDragon, will open a new frontier of growth for the company. When completed, the RFO will have the capacity to produce in excess of 5,000 tonnes of refined Omega-3 rich fish oil, primarily from Hoki sourced from the Southern Ocean. The company is now targeting completion of the factory in June 2015 with the new facility expected to make a meaningful contribution to the company's second half 2016 financial year.