Amphibious boat maker Sealegs Corp Ltd has reported a $941,000 loss in the six months ended September 30, which is wider than the $784,000 loss in the same period last year.The company said sales fell 7 percent to $4 million. The company is not paying a d
Amphibious boat maker Sealegs Corp Ltd has reported a $941,000 loss in the six months ended September 30, which is wider than the $784,000 loss in the same period last year.
The company said sales fell 7 percent to $4 million. The company is not paying a dividend.
As at September 30, the company had invoiced 29 boats and had more than 20 boats on order representing approximately $2m of forward revenue.
There are now over 450 Sealegs amphibious boats in 25 countries worldwide. It has developed a patented system of hydraulically motorised, steerable and retractable wheels for amphibious boats.
