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
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. ..
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