I&J Maintains a Steady Course

I&J fishing company and manufacturer of high quality chilled and frozen foods, is maintaining a steady course. This is according to AVI Limited, major shareholder of I&J amongst others, which today released its results for the six months to 31 December 2021. It highlights the COVID-19 pandemic and July unrest which caused significant disruption to supply chains, reduced selling but increased prices, recovery in I&J abalone volumes, and I&J’s significant black staff share scheme payout.

AVI’s other business entities within the Group were severely impacted by the July unrest, but for the purposes of this article the focus is on I&J fishing company which AVI reports in a SENS announcement is performing better. Particularly I&J’s abalone business which has seen sustained improvements in pricing and demand with restrictions in its main markets easing.