Fishing company Oceana’s basic earnings per share and basic headline earnings per share for the six months ended 31 March increased by 43 per cent year-on-year and revenue jumped by 20 per cent. Further, operating profit before abnormal items increased by 22 per cent as a result of successful horse mackerel and hake operations and commercial cold storage segments, and the firm’s operating profit hiked by 38 per cent.
The 2013 Total Allowable Catch (TAC) for pilchard is 90,000 tonnes down from last year’s 100,595 tonnes. Yet landings have been good and are significantly higher than those at the same stage last season.
The Namibian pilchard TAC for 2013 is 25,000 tonnes against 2012’s 31,000 tonnes with satisfactory catches to date.