Troubled Oceana Group finds new CFO, posts increase in sales

An Oceana Group canned fish processing line.

Cape Town, South Africa-based Oceana Group has released a trading update for the 11 months ending 27 August, 2022, indicating a 16.2 percent increase in the company’s canned pilchard/sardine fish sales volumes, as demand surges and supply networks continue to normalize following the COVID-19 pandemic.

The company has seen its year-to-date sales of pilchard increase to 8 million cartons, up from 7.9 million in 2021, which the company said was an indication of easing straing on the company's operations. Oceana said its canning production increased by 50 percent over the 11-month period, mitigating  cost pressures including increased freight costs and the South African rand weakening against the U.S. dollar.

Oceana Group also posted a 24 percent increase in ... 

Photo courtesy of Oceana Group

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