Oceana reports profit boost as Covid-19 gives canned goods a kick
The producer of Lucky Star Pilchards expects profits to rise as much as 18% to end-September, boosted in part by in-home consumption
22 October 2020 - 13:06
Fishing group Oceana, best known for its canned fished under the Lucky Star label, says full-year profits could rise almost a fifth amid sustained demand for its products during Covid-19.
Oceana’s principal market is the lower-end consumer, who purchase canned fish and horse mackerel. The group said it had seen sustained demand for those types of goods during the pandemic, while companies including Pick n Pay and Rhodes Food Group also recently reported healthy demand for longer-life products...
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