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Oceana basic HEPS seen 20%-22% higher

Fishing group Oceana (OCE) said on Wednesday (9 May 2012) it expected its basic headline earnings per share for the six months ended March 2012 to rise between 20% and 22% compared with the same period a year ago.

11 May 2012

The earnings include the R34.750 million provision regarding an administrative penalty agreed with the Competition Commission. Oceana is to pay the penalty following a number of price fixing and market allocation contraventions within the pelagic fish industry.

The group operating profit - excluding the effect of the penalty, is expected to be between 40% and 42% higher than for the comparative period.

The interim results are expected on May 11.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za