# Fishing company anticipates significant increase in earnings

> South African fishing group Oceana expects half-year earnings to rise at least 60%, driven by its US subsidiary Daybrook, where revenue doubled on higher opening inventory and strong global fishmeal and fish oil pricing. Canned fish revenue fell 8.7% and South African fishmeal revenue dropped 36.3%.

- Date: 2024-03-18 · published 2024-03-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31281-fishing-company-anticipates-significant-increase-in-earnings
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Strong global fishmeal and fish oil pricing reported by a major producer indicates firm marine ingredient values, supporting feed costs.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- maritimereview.co.za: https://maritimereview.co.za/Articles/ArtMID/397/ArticleID/267/Fishing-company-anticipates-significant-increase-in-earnings

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.