As a result, the group said yesterday that its financial performance has improved during this financial period.
In a trading update released to the market yesterday, the fishing group said its headline earnings were expected to increase by between 48 and 59 percent, to be between R165million and R177m, up from last year’s headline earnings of R111m.
The group’s basic earnings per share (Eps) and basic headline earnings per share (Heps) are also expected to increase compared to last year's figures.
“Accordingly, shareholders are advised that the group expects to report basic earnings per share for the six months to end June of between 60 cents a share and 64c. This represents an increase of between 26 and 34percent compared to the Eps of 47.7c,” the group said. Its basic Heps is expected to increase by between 29 and 38percent, to be between 60cents and 64c, up from last year’s Heps of 46.4c. The group has advised its shareholders that the weighted average number of shares in issue for the six months increased to 277.02million shares, up from 240.02million shares compared to last year.