The tide facing Oceana’s first half profits remained constant, with the fishing group recording flat headline earnings per share of 249.8 cents. The strong showing from its African operations was offset by lower fish oil sales and profit from US based Daybrooke. The closure of the Chinese market for live lobster following the Covid-19 outbreak also weighed on results. Oceana CEO, Imraan Soomra joins CNBC Africa for more.
Oceana's share price saw rising tides after delivering solid annual results. The company said in the future it hopes to grow volumes in its canned fish segment and expand its United States operations. Oceana CEO, Imraan Soomra joins CNBC Africa for more.