Clean Seas Seafood Limited provided earnings guidance for the fiscal 2020. For the period, the company expects total sales volumes were 2,424 tones. After tracking 14% ahead of fiscal 2019 going into third quarter fiscal 2020, the impact of COVID-19 resulted in lost sales during second half fiscal 2020 of circa $13 million and resulted in full year sales volumes 10% lower than full year 2019. in addition to the circa $13 million of lost sales in fiscal 2020, the company expects fiscal 2021 sales will also be lower than previously planned - although this will depend upon the rate of recovery in each market and the impact on international air freight services. The expected clearance of inventory not sold during COVID shutdown, lower selling prices to support market entry into new retail sales channels and lower farm gates from increases in air freight costs are expected to lead to an impairment of Clean Seas Live Fish and Frozen Inventory from $74.5 million to $58.0 million, a reduction of $16.5 million, The company seas for the fiscal 2020 guidance is a statutory net profit after tax (before impairment of inventory) in the range of $1.5 million to $2.0 million. This includes the net settlement from the Feed Litigation (after legal costs) of $13.95 million. After the $16.5 million Inventory impairment, the company is expecting a Statutory (SGARA) net loss after tax for fiscal 20 in the range of $14.5 million to $15.0 million.