The group said the performance was mainly driven by the South African operations with strong market demand for Cape hake globally and significantly enhanced performance from the investments made in the Saldanha Bay processing plants.
It listed on the JSE last year in March under the farming, fishing and plantation sector when being unbundled from Brimstone Investments, which continues to hold more than 50percent in Sea Harvest.
“Shareholders are advised that the company expects to report a basic earnings per share of between 110cents and 124c, representing an increase of between 28percent and 44percent,” the group said. It reported earnings a share of 86c last year.
Sea Harvest has made key acquisitions since its listing.
It made its first in August last year by acquiring a freezer trawler, MV Therney, for R181million from an Icelandic fishing company, HB Grandi. And this was followed by another one in December where it entered into negotiations to acquire the entire business of Viking Fishing for an undisclosed amount and 51percent majority stake in Viking Aquaculture.