Sea Harvest plant. (Photo: Sea Harvest)

Sea Harvest expects important increase in its shares

Fishing company Sea Harvest expects to get an improvement of around 28 percent on earnings per share, compared with last year’s figures.

The company attributes its best performance mainly to South African operations, thaks to a strong market demand for Cape hake globally, and to a significantly enhanced performance from the investments made in the Saldanha Bay processing plants.

The group is in the process of ending its first financial results for the year that ended last December, following its listing on the Johannesburg Stock Exchange (JSE)  last March.

Sea Harvest said it expected to report a basic earnings per share (EPS) between 110 cents and 124 cents, representing an increase of between 28 percent and 44 percent over last year, as disclosed in the company’s pre-listing statement last March.

The company has made important acquisitions since its listing in the stock exchange.

Last August, Sea Harvest bought the freezer trawler MV Therney from an Icelandic fishing company HB Grandi. Besides, last December it entered into negotiations to acquire the Viking Fishing, for an undisclosed amount, and 51 percent majority stake in Viking Aquaculture.

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Address:	Boulevard Office Park, Searle Street - P.O. Box 761
City:	Woodstock
State/ZIP:	(7925)
Country:	South Africa
Phone:	+27 21 468 7900
Fax:	+27 21 465 5883
E-Mail:	[email protected]
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