Stockhead: OGA Serves Up Higher Revenue But Wider Costs Amid Expansion

Ocean Grown sold 24.3 tonnes of its abalone in just the past six months.

That’s 161 per cent more than the same period last year, leading to a 222 per cent in sales revenue to $1.34 million. Total revenue was $1.5 million.

Losses for the half widened to $1.6 million compared to a loss of $1.2 million in the same period last year.

Ocean Grown (ASX:OGA), which recently joined the local bourse, reported increases across the board in harvests and biomass.