The mistake could cost Clean Seas around USD 641,000 from their current half year results. (Photo: Stock File)
Clean Seas kills 80 tonnes of kingfish
Tuesday, September 07, 2010, 23:40 (GMT + 9)
Tuna farming company Clean Seas has killed 80 tonnes of kingfish due to human error. Shares subsequently dropped by more than 13 per cent and the loss may cut the firm’s current half year results to 31 December by up to AUD 700,000 (USD 641,684) pre-tax, the company informed.
The fish were allegedly killed during a routine bathing session to rid them of parasites and disease.
About 3 per cent of Clean Seas’ current fish stock was lost.
"Fish are bathed in the normal course of marine operations. An investigation and a review of bathing policies and procedures is in progress," the company said.
"Whilst these abnormally high mortalities will impact future cash flow, the company remains of the view that it has adequate cash reserves to meet all anticipated financial commitments for FY2011," it added.
The company wanted to wash parasites located around four cages of kingfish at its hatchery in Arno Bay fish in South Australia on Thursday. The firm was aware that the fish preferred warm water but it used “very cold water,” Clean Seas Secretary Frank Knight said.
"The fish have not reacted well to that bathing round and we have had what we would consider to be an abnormal number of mortalities," he stated, reports AAP.
Kingfish are usually bathed in the warmer months and never in winter except “under extreme circumstances.” The fish are normally powerfully washed in the summer so they can get through the winter without needing further washing.
The fish get annoyed when the fluke becomes too large on their skill or within their gills.
"What they will do is rub against things where they will try to dislodge them and in doing that they will cause themselves damage," he said. "When the fluke load becomes too large we bathe them in a solution which basically gets rid of the fluke."
The mistake is being investigated and the bathing policies and methods reviewed.
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By Natalia Real