Record Fish-Oil Prices Drive Up Oceana Group’s Earnings

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On 19 May 2015 Oceana Group Limited announced it would be acquiring 100% of the share capital of the processing operations of Daybrook Fisheries Inc. and 25% of Westbank LLC, its related marine operations. Photo: Stock

Good news for investors is that the Oceana Group expects its earnings and headline earnings per share to be at least 60% higher for the half-year ending 31 March 2024 compared to the same period last year. This ‘exceptional’ performance is due to higher inventory levels and record fish-oil prices which has seen revenue doubling at its US subsidiary.

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