Seafarms Group Ltd, the company behind the stalled $2 billion Project Sea Dragon, has reported a significant operating loss of $19.3 million for the fiscal year 2023-24, leaving its current assets at only $4.3 million, it has been reported.

According to its latest annual report, the company’s operating loss increased by $4 million from the previous year’s loss of $15.4 million during the 2022-23 financial period.

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