OGA 1.12% 9.0¢ ocean grown abalone limited

News: OGA Ocean Grown Abalone Posts Q4 Sales Of 35.8 Tonnes, page-11

  1. 288 Posts.
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    Harvesting 100 tonnes from Flinders 1, plus 17 tonnes from Flinders 2 is what I believe the plan is.
    I am happy that the numbers are finally reconciled. @Bilson and @fyffee have questioned about the revenue figures and I was puzzled and a little troubled that sales did not show up in the current receipt from customers. Great that you have point that out that the figures are YTD.

    So here is my re-calculated Sales and Production quarterly figures:
    Production:
    Q3 = 8.5 tonnes
    Q4 = 8.6 tonnes

    Sales:
    Q3 = 6.5 tonnes
    Q4 = 5.0 tonnes

    Receipt:
    Q3 = $313k
    Q4 = $311k

    My biggest concern is bad debt problem and I am very happy to say that we are not having that.

    Will be expecting to see an increased in inventory in the full year statement.
 
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