Canned fish demand boosts profit

File: Oceana is expecting profits for the year to end-September to climb by as much as 18 percent. eNCA/Silindelo Masikane

JOHANNESBURG - The producer of Lucky Star Pilchards expects profits to increase thanks to demand for its products during the COVID-19.

Oceana is one of the biggest producers of canned fish.

The company is expecting profits for the year to end-September to climb by as much as 18-percent.

READ: Union concerned about pilchards recall

Oceana was an essential service provider during the lockdown.

This positive financial performance, in a tough economic climate, has been achieved by the company's target market, who purchase canned fish and other products.

The group says it has seen sustained demand for those types of goods during the pandemic.

Source
eNCA