Business
OCE: Operating profit down 23% to ZAR 1.3bn, but Africa profit up 58%; dividend cut 43%
OCE: Operating profit down 23% to ZAR 1.3bn, but Africa profit up 58%; dividend cut 43%

About this update from Oceana Group Limited
Operating profit fell 23% to ZAR 1.3bn on flat revenue, as fish oil prices dropped sharply, but Africa businesses grew profit 58% and Lucky Star Foods delivered solid results. Net debt to EBITDA rose to 1.7x, and the dividend was cut 43%.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
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