Shares in Oceana group (OCE)‚ the owner of Lucky Star brand‚ rallied as much as 8% to an intraday record high before pulling back following the trading update.
The fishing group said late Wednesday that its basic headline earnings per share for the year ended September 30 would be between 35% and 40% higher‚ compared with the same period a year ago.
At 11.55am‚ the share was up 1.75% to R58‚ outperforming the JSE all-share index which was down 0.28%. The current share price values the company at R6.926 billion. - I-Net Bridge