Fishing group Sea Harvest says it's optimistic that it may benefit from years of rising global demand for fish. It also appears that a bump in at-home demand for seafood that SA experienced during Covid-19 has stuck, a further boost to a group now battered by cost inflation and erratic weather.
Sea Harvest, valued at about R3 billion on the JSE, reported an 18% rise in revenue to R3.2 billion for its half-year to end-June on Monday, but a 9% fall in operating profit to R252 million, hit by bad weather, load shedding, as well as cost inflation, notably diesel.