Sea Harvest Releases Strong 2023 Financial Results Despite Difficult Fishing Conditions
The Sea Harvest Group has released its 2023 financial results. The South Africa-based seafood and aquaculture company reported an EBIT of R577 million — a 15% increase compared to 2022 — along with a 6% increase in group revenue due to improved pricing.
Cost of sales increased by 4% and operating expenses increased by 6%, resulting in segment operating profit increasing by 12% to R391 million (R349 million in 2022).
The South African Fishing division increased revenue by 10% to R3.03 billion (R2.74 billion in 2022). This increase was...
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