Oceana Group Limited managed to achieve 69 per cent growth in operating profit in the fiscal year ended on September 30, to ZAR 1.7 billion (USD 118 million) thanks to the acquisition of Daybrook and 24 per cent growth in African operations.
Referring to the results obtained by the group, its CEO Francois Kuttel said: “This positive growth was driven by the inclusion of Daybrook and Amawandle (Foodcorp) assets for a full period, supported by 13 per cent revenue growth in our African operations as a result of strong volumes in canned fish, fishmeal and hake, higher occupancy levels in the CCS business, and favourable pricing in most markets.”
The Lucky Star canned fish and fishmeal division ...
Export rejection rate by the EU drops India
European Union rejections on Indian seafood exports have gone down consistently in the last five years, according to the Marine Products Export Development Authority.
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