Sea Harvest lifts dividend almost a quarter as fuel losses ease
Improved fishing conditions and vessel availability, as well as fuel-hedge gains rather than losses, benefited the group in 2021
28 February 2022 - 11:22
Fishing group Sea Harvest has upped its dividend by almost a quarter for its 2021 year, saying its diversification into new foods, including pies, has helped grow revenue to above pre-Covid-19 levels.
Group revenue rose 5% to R4.6bn in Sea Harvest’s year to end-December, with profit growing 9% to R434m, partly as a result of the group making gains on its fuel hedges, from losses in the prior year...
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