Fishing group Sea Harvest to acquire Ladismith Cheese Company for US$36m

SOUTH AFRICA - Fishing Group Sea Harvest plans to diversify its food products portfolio by acquiring a value-adding dairy processing company, Ladismith Cheese for US$36.81 million. With the acquisition, Sea Harvest seeks to boost its local dairy segment which has seen recent investments including development and acquisition of additional dairy and allied beverage products. “Ladismith…

Sea Harvest revenue down 5% with slightly higher earnings impacted by Viking buy

SOUTH AFRICA - Sea Harvest Group has reported revenue of US$69.83 million, down by 5% for the six months ended 30 June 2018 from the corresponding period in 2017 impacted by the reduction in the total allowable catch (TAC) in South Africa, and the delayed start to the prawn fishing season in Australia. Headline earnings improved…

Sea Harvest expects 31% decline in profits hit by Viking buyout

SOUTH AFRICA - South African fishing company Sea Harvest expects interim basic earnings a share to decline by 31%, a slowdown attributed to the acquisition of rival Viking Fishing Holdings. For the six months ended June, basic earnings were expected to be between 46cents and 50c a share, a decrease of between 31% and 25%…

Sea Harvest fish and Quantum poultry firms lift profits

SOUTH AFRICA - Two white-meat producers have beefed up profits, with listed fishing group Sea Harvest and poultry producer Quantum issuing upbeat trading statements. The Sea Harvest group said the maiden financials, due for release in early March, would show basic headline earnings coming in at 99c-113c a share, an increase of 74%-98% compared with…