Oceana Group posts increases in revenue, profit for 2022

South Africa-based Oceana Group saw increased revenue for the year ending 30 September 2022, driven by higher sales of its fishmeal and fish oil and positive pricing across most products.

According to the reviewed, condensed, and consolidated results for the year, the company’s revenue for its total operations, including commercial cold storage (CCS), increased by 11 percent to ZAR 8.4 billion (USD 486 million, EUR 461 million), up from ZAR 7.6 billion (USD 440 million, EUR 417 million) in 2021. Oceana Group’s operating profit before other operating items increased by 6 percent to ZAR 1.2 billion (USD 72 million EUR 68 million), compared to ZAR 1.1 billion (USD 65 million EUR 61 million) in 2021 …

Photo courtesy of Oceana Group