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Company News
Angel Seafood receives takeover proposal from Laguna Bay Group
Organic and sustainable pacific oyster producer Angel Seafood Holdings (ASX: AS1) has received a conditional takeover proposal from agricultural fund manager Laguna Bay Group. The non-binding offer will see Laguna purchase all of the shares in Angel by way of a scheme implementation arrangement at an indicative all cash consideration of $0.20 per share. It […]
Angel Seafood achieves new monthly record for oyster sales and revenue
After a record September quarter, Angel Seafood (ASX: AS1) has achieved an all-time monthly high for October as demand for its sustainable and organic oysters grows and Victoria and NSW reopen. The company revealed it sold 1.4 million oysters in October, which was 20% higher than September, and up 100% on August’s figures. The number […]
Angel Seafood posts record September quarter revenues despite lockdown restrictions
Organic and sustainable pacific oyster producer Angel Seafood (ASX: AS1) has posted record September quarter revenues despite a string of trading challenges brought on by COVID-19 lockdowns. The company posted a $2.1 million return, representing a 5% increase on the previous corresponding period and amid pandemic restrictions affecting markets in New South Wales, Victoria and the Australian […]
Angel Seafood achieves record half-year driven by domestic oyster demand
Strong domestic demand for sustainable oysters has seen Angel Seafood (ASX: AS1) post a record revenue of $3.6 million for the half year ending June. In its half-yearly report released today, the company cited this record revenue was a 46% increase on the previous corresponding period, underpinned by added scale in the business and local […]
Record oyster sales deliver strong quarterly results for Angel Seafood
Certified organic and sustainable oyster producer Angel Seafood (ASX: AS1) has delivered the goods for the second time this calendar year, posting record sales of 3.2 million oysters and revenue of $2.5 million for the three months ending 30 June. Sales for the quarter were up 50% on the previous corresponding period, while revenue was […]
SA government backs Angel Seafood’s oyster export ambitions
Organic Pacific oyster producer Angel Seafood (ASX: AS1) has secured funding from the South Australian government under a program to help grow its export capability and capacity. The state government’s Global Expansion Program is a four-year funding initiative targeting local businesses with solid growth and potential to diversify or boost their presence in new or […]
Angel Seafood creates new revenue stream with launch of oyster delivery service
Organic and sustainable producer Angel Seafood (ASX: AS1) has launched a direct-to-consumer offering known as the Hālo Club giving members direct access to fresh produce while creating a recurring income stream. The subscription-based initiative will deliver fresh oysters and complementary condiments and gifts on a monthly basis to Angel shareholders and a select group of […]
Angel Seafood’s oyster selling season starts off strong after record March quarter sales
Organic Pacific oyster producer Angel Seafood (ASX: AS1) has entered its 2021 sales season in a good position, delivering record March quarter sales and experiencing strong momentum in the lead up to Easter. The South Australia-based business today reported the sale of 1.3 million oysters over the March quarter, up 21% on the previous corresponding […]
Angel Seafood gears up for 2021 Easter period with record organic and sustainable oyster stock
Certified organic and sustainable oyster producer Angel Seafood (ASX: AS1) has kicked-off its 2021 selling season with record oyster stock numbers to underpin increasing demand from restaurants and retail avenues. The company, which is the largest oyster producer of its kind in the southern hemisphere, resumed selling its oysters this month following the spawning season. […]
Angel Seafood posts record first-half oyster sales boosted by retail demand
Organic Pacific oyster producer Angel Seafood (ASX: AS1) has reported a successful first half of the 2021 financial year, selling 55% more oysters at a record 5.1 million. This drove a 52% increase in revenue to $3.8 million, with underlying oyster prices remaining steady. According to the South Australia-based company, strong sales were underpinned by […]
