Australis Aquaculture lifts annual fish sales 20pc16:09,...

Australis Aquaculture lifts annual fish sales 20pc
16:09, Tuesday, July 31, 2007

Sydney - Tuesday - July 31: (RWE Australian Business News) -
Australis Aquaculture Ltd (ASX:AAQ) says it made substantial progress
during the fourth quarter in meeting its key production objective of
1000 tpa output from its Turners Falls facility.
Since January, the company has consistently achieved the
stocking levels required to meet this target, resulting in a 35pc
increase in the number of fish in its production tanks during the
quarter.
June inventory reached record levels in terms of both numbers of
fish and value, with inventory value exceeding $4 million.
Annual fish sales rose more than 20pc over the prior year with
all available product being sold, reflecting continued strong demand for
Australis's product.
Sales during the quarter were still constrained by reduced
output resulting from the company's inability to stock at target levels
prior to January.
Shares in Australis Aquaculture fell 2c to 55c today.
ENDS