South Africa’s Sea Harvest Group delivered a “resilient” set of interim results for the six months ending June 30, despite a period dominated by lower catches, significant cost inflation and the continued impact of load shedding, or the reduction in electricity use.

The group said it “proved its resilience and defensive nature” in the period by delivering earnings before interest and taxes (EBIT) of ZAR 352 million (€17.1 million/$18.5 million), 23 percent ahead of the same period in 2022.

Revenue increased 18 percent to ZAR 3.2