Revenue for the six months ended 31 March 2009 increased by 24% compared with the first half of the previous year. Operating profit before abnormal items increased by 69% with the canned fish and horse mackerel businesses showing good improvement over the prior year. Headline earnings per share for the six months rose by 59% and earnings per share by 63%.
Dividend
An interim dividend of 31cps has been declared (2008: 26cps).
Prospects
Whilst earnings growth in the first half of the year was well ahead of last year, performance in the second half will be affected by foreign currency exchange rates and less favourable international market conditions. Growth in earnings and headline earnings for the full year is expected to be at a much lower rate than that of the first half-year. The forecast information has not been reviewed or audited by Oceana's auditors.
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