Oceana Group

For the year, the Group achieved a 29.2% increase in HEPS from continuing operations to 808.8 cents per share. Revenue from continuing operations rose by 22.6% to R10.0 billion, although gross margin reduced to 28.6%. Operating profit from continuing operations increased by 19.8% to R1.5 billion. Increased demand and improved pricing across all wild-caught seafood products, coupled with a strategy of maintaining higher inventory levels, contributed to the Group’s success.
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