Lucky Star delivers record first-half sales volumes with 150 000 cans sold a day.
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GUEST – Neville Brink – CEO of Oceana
An improved performance from Oceana’s South African operations partially offset a first-half earnings decline due to global fish oil prices correcting from record highs. Group revenue increased by 2.9% to R5.2 billion for the six months ended 31 March.
Lucky Star delivered a strong performance with sales increasing 5% to 5.1 million cartons, driven by steady demand for affordable protein. Its brand extension strategy resulted in growth in local and export markets, particularly in canned meat. Margins have improved thanks to higher local production levels, operational efficiencies following the recent upgrades, better pilchard landings and higher quality fish imported.
An improved performance from Oceana’s South African operations partially offset a first-half earnings decline due to global fish oil prices correcting from record highs. Group revenue increased by 2.9% to R5.2 billion for the six months ended 31 March.
Lucky Star delivered a strong performance with sales increasing 5% to 5.1 million cartons, driven by steady demand for affordable protein. Its brand extension strategy resulted in growth in local and export markets, particularly in canned meat. Margins have improved thanks to higher local production levels, operational efficiencies following the recent upgrades, better pilchard landings and higher quality fish imported.