Oceana expects interim profit to more than double

Oceana, SA’s largest fishing company, expects a surge in profit in its next interim results thanks to higher opening inventory levels, strong volumes in canned fish and firm international pricing for fishmeal, fish oil and wild-caught seafood.

This comes, however, off the back of low stock levels in the same period last year, because of the civil unrest in SA in 2021...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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