Premier Fishing posts lower revenue, profit in year-end results

Cape Town, South Africa-based Premier Fishing and Brands reported a 17 percent revenue decline for the year ending 31 August, 2022, concluding a tough operating period the company is blaming on the COVID-19 pandemic.

“While the export market for squid remains very strong, as the market saw high prices per kilogram, the group unfortunately could not capitalize on the price factor due to the low volumes caught,” a joint statement by company CEO Sooren Ramdenee and chairperson Aziza Amod said.

Premier Fishing’s gross profit for the same period dipped ... 

Photos courtesy of Premium Fishing and Brands