Oceana optimistic about prospects after a difficult half

Posted by & filed under 2022, news.

Neville Brink appointed as CEO, second-half performance an immediate priority Inventory levels, supply chain disruptions, poor fishing conditions and rising costs impact H1 performance Favourable pricing and demand across product lines remains strong Indications of good recovery in traditionally stronger H2 The Oceana Group has appointed Neville Brink, who has served as interim CEO since… Read more »

Oceana shows resilience in difficult conditions

Posted by & filed under 2022, news.

Demand and pricing for products strong, supply challenging Good operating performance despite supply-side constraints and extraneous events Cash well controlled and debt at satisfactory levels Dividend cover maintained Strong demand across product lines and favourable pricing enabled the Oceana Group to deliver a good operating performance for the 2021 financial year. The Group delivered delayed… Read more »

Oceana maintains growth trajectory in tough year

Posted by & filed under 2021, news.

Highlights for the six months ended 31 March 2021: Revenue from Africa operations up 1% Profit before tax up 5% to R489 million Earnings per share up 13% to 284.0 cents Headline earnings per share up 4% to 260.5 cents Cash generated from operations R674 million Total dividends at 110 cents per share up 10%… Read more »

Oceana Group Reports Stellar Year

Posted by & filed under 2020, news.

Highlights for the year ended 30 September 2020: Group revenue up 9% to R8,3 billion while operating profit increased by 21% to R1,4 billion. Solid performance in canned fish and fishmeal and oil segments Pre-tax profit growth of 28% while headline earnings per share improved by 15%. Strong cash generation and improvement in gearing to… Read more »

Seafarers are key workers

Posted by & filed under 2020, news.

The Day of the Seafarer is celebrated on June 25 each year in recognition of the men and women who take to the oceans day after day to procure and provide for the needs of nations and peoples around the world. This year the theme is Seafarers are key workers. At the Oceana Group, we… Read more »

OCEANA TRADES WELL THROUGH CRISIS

Posted by & filed under 2020, news.

Oceana today released its interim results for the six months ended 31 March 2020, recording a group operating profit increase of 9%. Group revenue was up 2% to R3 627 million, primarily due to increased African operations revenue of 3% (mainly attributable to improved canned fish, fish oil and horse mackerel pricing), increased cold storage… Read more »

OCEANA COVID-19 CSI INITIATIVES

Posted by & filed under 2020, news.

The Oceana Group, Africa’s largest fishing company, has heeded the call to support all efforts at combating Covid-19 and its impact on people and communities. Oceana has donated R600,000 to the Gift of the Givers who are working with government to augment public health services during the Covid-19 pandemic. This funding will be used in… Read more »

Diversification strategy pays off as Oceana delivers solid financial performance in FY 2019

Posted by & filed under 2019, news.

Financial highlights for the year ended 30 September 2019: Group revenue, at R7 647 million, remained stable (2018: R7 657 million) Headline Earnings Per Share (HEPS) decreased by 25% (2018: 727.1 per share), owing to a once-off deferred tax adjustment as a result of a reduction in the tax rate in the USA, which benefitted FY 2018… Read more »