Consumers can expect to pay more for their fish and chips meals as the country experiences hake and potato shortages. Picture: iStock
The Sea Harvest Group’s unaudited interim results for the six months ended 30 June 2024 include how they have experienced low catch volumes in the hake fishery. Since the continued lower catch volumes in hake, there has been reduced revenue and potentially lower profitability. The was an impact on operational efficiency and utilization due to the timing of refits. However, there has not been an issue with demand, only a supply issue.The report also details that there has been a 26% increase in operating profit, compared to the first half of 2023. Cost of sales also went up by 22%, compared to the 2023 first half.
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