SeaDragon Limited reported consolidated earnings results for the year ended March 31, 2015. For the period, the company reported revenue of NZD 6,322,000 compared with NZD 3,058,000 for the same period last year. The group benefited during the latter part of the year from improved Squalene raw material supply and forward sales agreements struck during the year. Operating loss was NZD 2,749,000 compared with operating profit of NZD 470,000 for the same period last year. Loss before tax was NZD 2,809,000 compared with profit before tax of NZD 431,000 for the same period last year. Loss for the year was NZD 2,838,000 or 0.19 cents diluted per share compared with profit for the year of NZD 431,000 or 0.04 cents diluted per share for the same period last year. The loss reflected investment in new sales, marketing, procurement, finance and support service staff ahead of the start-up of the Omega 3 fish oil refinery. Net cash flows used in operating activities was NZD 4,341,000 compared with NZD 1,571,000 for the same period last year. Purchase of property, plant and equipment was NZD 3,314,000 compared with NZD 726,000 for the same period last year. As at 31 March 2015, net debt stood at NZD 3.0 million and gearing, as measured by net debt to total assets was 25%.

The company is looking to an improved financial performance for the 2016 financial year.