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OCEANA GROUP LIMITED - Trading statement for the six months ended 31 March 2024

Release Date: 18/04/2024 07:05
Code(s): OCE     PDF:  
Wrap Text
Trading statement for the six months ended 31 March 2024

(Incorporated in the Republic of South Africa)
(Registration number: 1939/001730/06)
JSE / A2X share code: OCE
NSX share code: OCG
ISIN: ZAE000025284
("Oceana" or "the Company" or "the Group")


The Group is currently finalising its financial results for the six months ended 31 March 2024 which are
expected to be released on or about Monday, 10 June 2024.

Shareholders are referred to the trading statement released on the Stock Exchange News Service ("SENS")
of the JSE Limited ("JSE") on Friday, 15 March 2024. The Group advised that a reasonable degree of
certainty existed that basic earnings per share ("EPS") and basic headline earnings per share ("HEPS") for
the six months ended 31 March 2024 will be more than 60% higher than the reported EPS of 295.4 cents
and HEPS of 299.1 cents for the previously reported six months ended 31 March 2023 ("comparative

In accordance with paragraph 3.4(b)(iii) of the Listings Requirements of the JSE, where a company has not
been able to provide guidance as to the anticipated trading range with reasonable certainty, it is required
to provide further guidance when it does have reasonable certainty of the range.

Shareholders are accordingly advised that:

•   EPS is expected to be between 573 cents and 603 cents representing an increase of between 94% and
    104% compared to EPS of 295.4 cents reported for the comparative period; and
•   HEPS is expected to be between 565 cents and 595 cents representing an increase of between 89%
    and 99% compared to HEPS of 299.1 cents reported for the comparative period.

This strong first half performance is mainly attributable to Daybrook's higher fishmeal and fish oil sales
volumes at record US dollar fish oil pricing and a pleasing Lucky Star result following improved canned
food sales volumes delivered in the month of March. Overall performance was moderated by lower Wild
Caught Seafood sales volumes.

The financial information on which this trading statement is based has not been reviewed or reported on
by the Group`s auditors.

Cape Town
18 April 2024

JSE Sponsor
The Standard Bank of South Africa Limited

Date: 18-04-2024 07:05:00
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