Clean Seas continues kingfish clearance

Australian Clean Seas Tuna said it continues to generate cash from a continued clearance of its kingfish inventory, coupled with a disinvestment of surplus asset infrastructure.

These initiatives are underpinning the company’s mid-term cash profile, said Clean Seas, and the board expects these cash flow initiatives to be supportive of rebuilding in 2013.

Cleans Seas is also is planning to either continue with a further scaled down yellowtail kingfish division in its own right or in a joint venture with a domestic partner.