Angel Seafood (ASX:AS1) - Chairman Tim Goldsmith (left) and CEO, Zac Halman (right)
Chairman Tim Goldsmith (left) and CEO, Zac Halman (right)
Source: Angel Seafood
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  • Angel Seafood (AS1) achieved a record month of sales in October 2021, tabling monthly revenue of $1.2 million
  • Oyster sales were up 20 per cent over September, up 100 per cent over August are were up 120 per cent from October 2020 to 1.4 million sold
  • This increase in sales and revenue reflects Angel’s growing business and strong demand for oysters as the NSW and Victorian economies reopen
  • Angel Seafood ends the day 7.41 per cent in the green with shares trading at 14.5 cents

Angel Seafood (AS1) has achieved a record month of sales in October 2021, tabling monthly revenue of $1.2 million.

Oyster sales were up 20 per cent over September, up 100 per cent over August are were up 120 per cent from October 2020 to 1.4 million sold.

This increase in sales and revenue reflects Angel’s growing business and strong demand for oysters as the NSW and Victorian economies reopen.

Founder and CEO Zac Halman is encouraged by the strong sales experienced.

“Having built our retail sales channel over the last 18 months, which continues to see growing demand, we are now seeing the benefits of the restaurant and food service channels re-opening in major markets,” Mr Halman commented.

“We have been able to grow the Angel business across incredibly challenging times in the last 18 months, all the while continuing to build scale in our business.”

“We now have a record amount of healthy oysters on hand, ready to meet the surge in demand we are seeing across all key channels, and as we head into the peak demand period.”

Angel Seafood has ended the day 7.41 per cent in the green with shares trading at 14.5 cents in a $21.81 million market cap.

AS1 by the numbers
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