South African fishing firm Oceana Group reported a drop both in its sales and earnings in the six months ended March 31 due lower sales volumes and a stronger South African Rand.
Profit after tax decreased 20 percent from ZAR 286.9 million (€19.4 million/$21.6 million) to ZAR 229 million (€15.5 million/$17.2 million) year-on-year.
Operating profit dropped 16 percent from the same period last year from ZAR 600.2 million (€40.5 million/$45.1 million) to ZAR 505 million (€34.1 million/$38 million).
Gross profit amounted to ZAR 1.22
