Sea Harvest Group managed to increase its headline earnings by 217 per cent, to ZAR 111 million (USD 8.4 million) for the six months ending on June 30 compared to the same period last year.
The firm attributes this good result to a better operation performance thanks to investments in the fleet and land-based operations as well as the continued strong global demand for Cape hake, among other factors.
During the analysed period, the rand was strengthened by 16 per cent compared to the same six-month period in 2016 and this had an impact on the revenues from its South Africans. However, this improvement was offset by the firm pricing and strong demand across all channels and markets, resulting in South African operations revenue decreasing marginally by 2 per cent.
On the other hand, South African operations' export volumes increased by 11 per cent and export vo...