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Oceana flags big drop in earnings half-year results

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Oceana flags big drop in earnings half-year results 🔒

Fishing giant Oceana Group, which owns Lucky Star, Ocean Lobster and Daybrook Fisheries, has advised shareholders to expect earnings to halve for the half-year. That is due to lower levels of inventory carried into the period resulting from stock losses incurred during 2021’s civil unrest in KwaZulu-Natal.

The Cape Town-based fishing firm said in a trading statement on Tuesday that a reasonable degree of certainty existed that group headline earnings per share , a measure of profitability that excludes one-off items, would be between 114.6c and 140.7c for the six months ended 31 March...

 

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Oceana flags big drop in earnings half-year resultsAfrica's largest fishing firm suffered stock losses due to 2021’s civil unrest in KwaZulu-Natal and weather-related fishing disruptions
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