News Formal

Fish and chips to cost more in SA as shortage hits the industry

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 75%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

South Africa will not need to import potatoes, however, prices will be higher than before.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa Drop to 4th Most Attractive Investment Destination in AfricaRand Merchant Bank released a, 'Where To Invest In Africa 2024' report. South Africa is in fourth place as African countries that are favourable to invest in.
Source: brieflyza - 🏆 10. / 68 Read more »