July 3 (Reuters) - Clean Seas Seafood Ltd CSS.AX :
* SEES FY20 AFTER TAX STATUTORY PROFIT OF $1.5M TO $2.0M
* GLOBAL SALES VOLUMES IN JUNE RECOVERED TO 77% OF PRIOR YEAR
* EXPECTS FY21 SALES WILL ALSO BE LOWER THAN PREVIOUSLY PLANNED
* TOTAL SALES VOLUMES IN FY20 WERE 2,424 TONNES
* IMPACT OF COVID-19 RESULTED IN LOST SALES DURING H2 FY20 OF CIRCA $13 MILLION
* SEES STATUTORY (SGARA) NET LOSS AFTER TAX FOR FY20 IN RANGE OF $14.5-$15.0 MILLION
* CONFIRMS THAT IT PLANS TO REACTIVATE A NUMBER OF AUTOMATION (CAPEX) PROGRAMS THAT HAD BEEN PAUSED IN Q3 FY20
* IMPACT OF COVID-19 RESULTED IN FY SALES VOLUMES 10% LOWER THAN FY19
* EXPECTS IMPACT OF LOWER SALES IN Q4 FY20 & FY21 WILL LEAD TO CIRCA 2,000 TONNES OF EXCESS LIVE FISH & FROZEN INVENTORY
* RECENT INCREASE IN COVID-19 CASES IN VICTORIA EXPECTED TO SLOW DOWN RECOVERY OF SALES IN THAT STATE IN JULY, POSSIBLY LONGER
* CLEAN SEAS SEAFOOD-ENTERS FY21 WITH BALANCE SHEET STRENGTH