Oceana profits surge as Lucky Star sales shine in tough economy
Foreign operations act as a rand hedge with consistent demand for salmon feed providing market certainty
27 November 2023 - 08:15
Aquaculture is a growing industry in contrast to sea fishing and this is benefiting Oceana’s US operations, where it catches fish to produce fish oil used in salmon farming.
Oceana released its results to end-September and reported a 22% spike in revenue to R10bn in part because of high fish oil prices, due to a global shortage. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.