Oceana’s interim headline earnings per share (HEPS) increased by 65% to 49.1 cents for the six months ended March 31, 2023, from 29.7 cents in the same period last year.
- Earnings per share: Oceana’s HEPS increased by 65% to 49.1 cents for the six months ended March 31, 2023, from 29.7 cents in the same period last year. This was driven by a number of factors, including higher canned fish opening inventory levels and strong demand for products such as its Lucky Star brand.
- Revenue: Revenue increased by 15% to R1.5 billion from R1.3 billion. This was driven by higher canned fish sales, as well as growth in the company’s pet food and aquaculture businesses.
- Dividend: Oceana declared an interim dividend of 11 cents per share, up from 4.7 cents per share in the prior year. This was in line with the company’s dividend policy of paying out 60% of its earnings in dividends.
- Outlook: Oceana said it expects to continue to grow earnings in the second half of the year, driven by continued strong demand for its products. The company also said it is on track to achieve its full-year earnings guidance of 90 to 95 cents per share.