Sea Harvest generates solid profit despite cost increases, low prawn pricing
Following a challenging 2022 financial year, JSE-listed vertically integrated seafood company Sea Harvest has managed to grow its earnings before interest and taxes (Ebit) by 15% to R576-million in the 2023 financial year. The group’s profit after tax attributable to shareholders was, however, 9% lower at R282-million, compared with R310-million in the prior year.